Short Ether ETF Sees Sharp Outflow as Traders Rethink Bearish Bets
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The ProShares Short Ether Strategy ETF, SETH, recorded a significant outflow of $800,366 on January 9, 2026, a move that shaved roughly 8.53% off its total assets under management. The fund now oversees about $9.39 million, and the size of the redemption suggests a notable cohort of investors may be stepping back from leveraged bearish exposure to Ether.
The related asset, ETH-USD, is currently trading at $3,306.90. Despite a 3-month decline of around 15.4%, short-term technicals are flashing a more constructive note, with a 1-day signal of Buy. That combination—medium-term weakness but improving near-term momentum—can often pressure inverse products like SETH, as traders weigh whether the downside move has already run its course.
The latest flow data may reflect profit-taking by investors who were positioned for Ether’s recent slide, or a rotation into more neutral or outright long exposure as sentiment stabilizes. With such a large percentage of SETH’s assets moving out in a single day, the flows underscore how quickly conviction can shift in the short-Ether trade when the underlying token shows signs of a technical rebound.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.