Short Ether Bets Lose Steam as ProShares UltraShort Ether ETF Sees Fresh Outflows
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The ProShares UltraShort Ether ETF, ETHD, recorded outflows of $823,024 on January 7, 2026, trimming assets under management to about $65.96 million. The latest redemption represents roughly 1.25% of the fund’s AUM, a notable move for a vehicle designed to profit from declines in Ether prices.
The flows suggest some traders are dialing back leveraged bearish positions after a bruising quarter for Ether. The related asset, ETH-USD, is currently trading at $3,088.48, having dropped about 28.2% over the past three months. Despite the sizable drawdown, the 1-day technical signal on Ether screens as a cautious Hold, indicating that momentum has yet to decisively shift either toward a rebound or a deeper slide.
Against that backdrop, the outflows from ETHD may reflect profit-taking by short-term traders who successfully rode Ether’s decline, or a tentative return of risk appetite among investors willing to reduce hedges and short exposure. With Ether still well below its recent highs, the balance between renewed accumulation and further deleveraging in inverse products like ETHD will be a key gauge of sentiment in the coming weeks.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.