Bearish Ether Bets Swell as ProShares Short ETF Sees Double-Digit Inflow
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The ProShares Short Ether Strategy ETF, SETH, recorded a sizable new inflow of $1,622,164 on January 22, 2026, a move that stands out against its relatively modest footprint. The fund’s latest assets under management total $11,960,204, meaning the single-day flow amounted to roughly 13.6% of its AUM—an unusually large proportion that signals a notable pick-up in demand for leveraged downside exposure to Ether.
The related asset, ETH-USD, is currently trading around $2,937.58, having shed about 25.0% over the past three months. Despite that sizeable drawdown, the token’s short-term technicals remain under pressure, with a 1-day signal flashing Sell. The combination of a steep recent decline and fresh selling signals appears to be emboldening traders who view Ether’s rebound attempts as vulnerable.
For SETH, the latest flow suggests that a segment of the market is not just hedging existing long exposure, but actively positioning for further weakness in Ether prices. Such a large single-day addition, relative to the fund’s size, can amplify volatility in both ETF trading volumes and short-term pricing, and may reflect growing skepticism over the near-term trajectory of the broader crypto complex following Ether’s multi-month slide.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

