Short Ether Bets Lose Steam as SETH Sees Double‑Digit Outflow
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ProShares Short Ether Strategy ETF, SETH, recorded a sharp outflow of $1,855,347 on February 06, 2026, draining roughly 12.25% of its $15.14 million in assets under management. The sizeable redemption hints that traders are dialing back bearish positioning on Ether even as the underlying token remains under pressure.
The related asset, ETH-USD, is currently trading at $1,980.94 after tumbling about 38.6% over the past three months, reflecting sustained downside momentum in the broader crypto market. Despite the recent ETF outflows, the 1-day technical signal on Ether flashes a cautious tone, sitting at Strong Sell.
Flow data suggest some short sellers are taking profits or de-risking after Ether’s steep decline, which may temper immediate downside but does not yet confirm a durable reversal. With technicals still skewed to the bears and sentiment fragile, investors will watch whether SETH’s shrinking AUM marks the start of a longer trend away from leveraged downside exposure or just a tactical pause.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.