Short Ether Bets Lose Steam as Capital Exits ProShares UltraShort Ether ETF
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The ProShares UltraShort Ether ETF, ETHD, saw $1,344,723 in outflows on January 09, 2026, trimming its assets under management to $72,600,926. The single-day redemption represents roughly 1.85% of the fund’s AUM, a meaningful pullback that suggests some investors are rethinking leveraged bearish exposure to Ether.
The related asset, ETH-USD, is currently trading at $3,326.80, down about 18.8% over the past three months. Despite that medium-term slide, the token is flashing a short-term bullish tone, with a 1-day technical signal of Buy. The combination of renewed technical strength in Ether and outflows from an ultra-short vehicle hints that traders may be positioning for at least a tactical rebound—or reducing hedges after a volatile quarter.
With nearly 2% of ETHD’s capital exiting in a single session, the move underscores how sensitive leveraged inverse products can be to shifts in sentiment at key inflection points in the underlying crypto market. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.