Short Ether ETF Sees Big Inflows as Traders Double Down on Downside Bet
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The ProShares Short Ether Strategy ETF, SETH, recorded a notable influx of capital on January 22, 2026, with fresh inflows of $1,622,164. The move represents roughly 13.7% of the fund’s latest reported assets under management, which stand at $11,802,902 — a sizable swing in positioning for a single day in a niche crypto-derivatives product.
The related asset, ETH-USD, is currently trading at $2,883.89, having dropped about 29.4% over the past three months. The 1-day technical signal screens as a cautious Sell, underscoring lingering downside pressure even after a substantial pullback from recent highs.
The sharp inflow into SETH suggests that a cohort of investors is either hedging long Ether exposure or speculating that the recent slump is not yet over. With inflows amounting to nearly one-seventh of its AUM in a single session, the ETF’s activity appears disproportionate to its size, hinting at rising conviction among bearish or risk-managing traders. At the same time, the broader Ether market remains volatile, and any reversal in sentiment could swiftly test the resilience of these new short positions.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

