Short Ether Bears Blink as ProShares’ SETH Sees Heavy Outflows
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The ProShares Short Ether Strategy ETF, SETH, registered notable outflows of $800,366 on January 09, 2026, a move that trimmed roughly 8.25% of its assets under management. The fund now oversees $9.70 million in AUM, with the latest redemption wave signaling a meaningful shift in sentiment among traders who had been positioned for further downside in Ether.
The related asset, ETH-USD, is currently trading at $3,111.12, down about 25.5% over the past three months, underscoring the depth of the recent correction in the second-largest cryptocurrency. Yet despite that slide, its 1-day technical signal has flipped to a bullish stance, showing a Buy indication, which may be encouraging some investors to pare back short exposure through SETH.
The sizable outflows from a short-oriented product following a prolonged price decline in Ether suggest that a segment of the market sees limited room for further losses—or at least expects a near-term bounce. If this rotation away from bearish vehicles accelerates, it could add fuel to the narrative that the worst of the Ether drawdown is behind it, even as macro and regulatory uncertainties linger over the broader crypto complex.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.