Short Ether Bets Swell as ProShares UltraShort ETF Sees Fresh Inflows
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The ProShares UltraShort Ether ETF, ETHD, attracted $2.77 million in new capital on January 21, 2026, underscoring renewed demand for leveraged downside exposure to Ether. The single-day inflow represents roughly 3.57% of the fund’s latest assets under management, which now stand at about $77.79 million, a sizable swing for a niche, inverse crypto vehicle.
The move suggests that a growing cohort of traders is positioning for further weakness—or at least heightened volatility—in the price of Ether after a difficult quarter. The related asset, ETH-USD, is currently trading around $2,916.59, having fallen approximately 22.83% over the past three months. Short-term technicals remain bearish, with the 1-day signal flashing Strong Sell, a reading that may be emboldening traders to lean into inverse products like ETHD.
With leveraged short ETFs typically used as tactical tools rather than long-term holdings, the latest inflows could reflect hedge-building by institutional players as well as speculative bets on continued downside. If Ether’s slide deepens, interest in ultra-short products may continue to rise; conversely, any sharp rebound in the underlying could force rapid repositioning and outflows from ETHD as bearish trades unwind.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.