Short Ether Bets Unwind as ProShares UltraShort Ether ETF Sees Near-10% Outflow
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The ProShares UltraShort Ether ETF, ETHD, logged significant redemptions on January 20, 2026, with investors pulling out $6,278,160 in net flows. The outflow amounts to roughly 9.86% of the fund’s latest assets under management, which now stand at $63,681,339, signaling a notable shift in positioning among traders using the vehicle to gain leveraged short exposure to Ether.
Such a sizable single-day redemption suggests that a chunk of bearish Ether bets is being unwound, even as the underlying market remains under pressure. The move may reflect profit-taking by traders who rode Ether’s recent downside, a reduction in risk ahead of potential catalysts, or simply waning conviction in aggressively leveraged short strategies after a volatile quarter for digital assets.
The related asset, ETH-USD, is currently trading around $3,010.8, having shed approximately 21.77% over the past three months. Despite the ETF’s outflows, the short-term outlook for the token remains cautious: the 1-day technical signal is flashing Strong Sell, highlighting ongoing bearish momentum in spot prices even as some leveraged shorts exit.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.