Short Ether Bets Swell as ProShares’ SETH Pulls In Fresh Cash Despite Ether Slide
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The ProShares Short Ether Strategy ETF, SETH, attracted $814,260 in new money on January 29, 2026, a sizeable vote of confidence in downside protection tools for crypto traders. The single-day inflow represents roughly 6.6% of the fund’s latest assets under management, which now stand at $12.31 million, underscoring how quickly sentiment can shift toward defensive, short-biased products when volatility in digital assets picks up.
The related asset, ETH-USD, is currently trading at $2,644.68, having shed about 30.3% over the past three months. The 1-day technical signal for Ether points to a continued bearish bias, registering as a Sell. Against that backdrop, fresh inflows into SETH suggest investors are either extending hedges on existing Ether exposure or positioning tactically for further weakness in the world’s second-largest cryptocurrency.
With Ether under pressure and technical indicators skewing negative, the latest move into a short Ether strategy ETF highlights how traditional market infrastructure is increasingly being used to express crypto views with precision. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.