Bearish Bets on Ether Surge as ProShares Short ETF Sees Double-Digit Inflow
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The ProShares Short Ether Strategy ETF, SETH, attracted fresh capital on January 22, 2026, with inflows of $1,622,164. The move is sizable relative to the fund’s footprint, lifting its assets under management to $11,802,902 and representing roughly 13.7% of AUM shifting into the short-Ether vehicle in a single day.
Such a large one-day allocation into a bearish Ether product underscores mounting skepticism toward the underlying token’s near-term prospects. The related asset, ETH-USD, is currently trading around $2,905, having shed about 28.7% over the past three months. Short-term momentum remains fragile, with the 1-day technical picture flashing a cautious tone, as indicated by a Sell signal.
The combination of a sharp quarterly drawdown in Ether and a notable tilt into SETH suggests that some traders are either hedging long exposure elsewhere in their portfolios or positioning for further downside in the crypto market. While inflows into inverse products can be fleeting if sentiment reverses, the scale of the latest move hints at growing demand for defensive structures around Ether’s price path.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.