Short Ether Bets Swell as Traders Add Cash to ProShares UltraShort Fund
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The ProShares UltraShort Ether ETF, ETHD, attracted fresh capital on January 15, 2026, with inflows of $1,114,590. The move lifted assets under management to $66.24 million, meaning roughly 1.68% of the fund’s value shifted in a single day—a notable vote of confidence in leveraged downside exposure to Ether.
This latest flow underscores rising demand for tactical hedges and speculative short positions in the Ethereum ecosystem, even as volatility has cooled from 2025’s peaks. For an inverse product like ETHD, net inflows often signal either mounting concern about the underlying asset’s near-term trajectory or opportunistic positioning by traders seeking to profit from sharp countertrend moves.
The related asset, ETH-USD, is currently trading at $3,296.49. Over the past three months, Ether has fallen about 15%, a pullback that has shaken some bullish conviction but also set up a more attractive entry point for long-term holders. Interestingly, despite the recent softness, the 1-day technical picture has flipped more constructive, with the signal now flashing Buy, hinting at the potential for a short-term rebound.
The juxtaposition of renewed short-ETF inflows against a near-term bullish technical read on Ether highlights a market torn between macro caution and tactical dip-buying. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.