Short Ether Bets Unwind as ProShares Inverse ETF Sees Sharp Outflow
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The ProShares Short Ether Strategy ETF, SETH, saw investors pull $752,596 on January 16, 2026, a sizeable outflow that represents roughly 8.99% of the fund’s $8.37 million in assets under management. The move suggests a notable reduction in bearish positioning against Ether, even as the underlying token remains under pressure over the medium term.
The related asset, ETH-USD, is currently trading at $3,323.54, down about 15.16% over the past three months, underscoring a choppy quarter for the second-largest cryptocurrency by market capitalization. Despite that decline, the short-term technical picture has brightened, with a 1-day signal flashing Buy, hinting at a potential near-term rebound or at least a pause in the selloff.
The sizeable withdrawal from SETH may indicate that traders who had been positioning for further downside in Ether are taking profits or stepping to the sidelines as technical indicators turn more constructive. If the Buy signal on ETH-USD gains traction and price momentum stabilizes, demand for inverse Ether exposure could continue to ebb, shifting flows toward more neutral or outright long-crypto strategies.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.