Short Bets on Ether Ease as ProShares UltraShort ETF Sees Notable Outflow
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The ProShares UltraShort Ether ETF, ETHD, recorded a meaningful pullback in bearish positioning on January 23, 2026, as investors withdrew $1,445,238 from the fund. With total assets under management now standing at $81,074,480, the latest outflow represents roughly 1.78% of AUM, signaling a modest but notable reduction in leveraged short exposure to Ether.
The related asset, ETH-USD, is currently trading at $2,883.89, having lost about 29.37% over the past three months. Despite that steep decline, the 1-day technical outlook remains cautious, flashing a Sell signal, suggesting that near-term momentum is still tilted to the downside even as some traders step back from aggressive inverse products.
The outflow from ETHD may reflect profit-taking by investors who rode the recent slide in Ether, or a tentative shift in sentiment as markets weigh whether the worst of the downturn is nearing exhaustion. However, with Ether still under pressure technically, the move looks more like repositioning within bearish strategies than a wholesale return of risk appetite.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.