Short Ether Bets Lose Steam as ProShares SETH Sees Sharp Outflow
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The ProShares Short Ether Strategy ETF, SETH, recorded a notable reversal in sentiment on January 09, 2026, as investors pulled $800,366 from the fund. The outflow represents roughly 8.15% of its latest reported assets under management (AUM) of $9.82 million, signaling a meaningful shift in positioning among traders who had previously been betting against Ether.
Such a sizable redemption relative to AUM suggests that a segment of the market may be taking profits on successful short positions or scaling back bearish exposure amid growing uncertainty over Ether’s next move. For a leveraged short strategy product, even mid-single-digit percentage swings in AUM tied to flows can hint at a broader reappraisal of downside conviction.
The related asset, ETH-USD, is currently trading around $3,326.80. Despite the recent flows out of SETH, Ether has shed approximately 18.81% over the past three months, underscoring the pain long holders have endured during the latest leg of the downturn. However, the 1-day technical signal now flashes a more constructive tone, with a current reading of Buy, suggesting that short-term momentum indicators are starting to favor a rebound.
The combination of shrinking assets in a bearish ETF and a nascent Buy signal on Ether itself may reflect growing expectations that the worst of the recent sell-off is behind the market, at least in the near term. Investors will be watching closely to see whether this week’s outflows from SETH mark the beginning of a broader unwinding of short Ether positioning or merely a brief pause in a still-fragile environment.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.