Short Ether Bets Lose Steam as Traders Pull Cash from ProShares UltraShort ETF
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ProShares’ bearish Ether vehicle, the ETHD UltraShort Ether ETF, saw investors withdraw $1,344,723 on January 09, 2026, a move that trimmed roughly 1.90% from its $70.95 million in assets under management. While the outflow is modest in absolute terms, it is notable as a visible reversal in sentiment toward leveraged downside exposure to Ether.
The related asset, ETH-USD, is currently trading at $3,111.12 after a bruising three months in which the token has fallen about 25.5%. Yet despite that drawdown, the near-term tone has brightened, with the 1-day technical signal flashing Buy. That shift helps explain why some investors may be locking in gains or cutting risk in inverse products like ETHD, anticipating at least a tactical rebound in Ether prices.
The roughly 2% outflow relative to ETHD’s AUM suggests repositioning rather than a wholesale exodus, but it underscores how quickly leverage and sentiment can pivot in crypto-linked ETFs. As traders reassess whether the recent Ether sell-off has run its course, flows into and out of short products such as ETHD will remain a key barometer of market conviction around the next leg for the world’s second-largest cryptocurrency.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.