Short Ether Bets Lose Steam as ProShares’ ETHD Sees Nearly 2% AUM Walk Out
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The ProShares UltraShort Ether ETF, ETHD, recorded net outflows of $1,344,723 on January 09, 2026, trimming its assets under management to $70,953,413. The latest redemption represents roughly 1.9% of the fund’s AUM, signaling a meaningful pullback from investors who had positioned for further downside in Ether.
The related asset, ETH-USD, is currently trading at $3,135.06, having shed about 26.7% over the past three months. Despite that steep slide, the 1-day technical outlook still flashes a cautious tone, with a Sell signal suggesting bearish momentum has yet to fully exhaust itself.
The combination of continued short-term technical weakness in Ether and notable outflows from a leveraged short ETF hints that some traders may be taking profits or reducing risk after the recent downturn, rather than doubling down on further declines. ETHD’s latest move underscores how quickly sentiment can shift in leveraged crypto products, even when the underlying asset’s chart remains under pressure.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.