ProShares UltraShort Ether ETF, the ETHD fund designed to bet against Ether, saw investors pull $507,946 on May 13, 2026, in a notable outflow from the bearish vehicle. With assets under management now at $79.36 million, the latest redemption represents about 0.64% of the fund’s AUM, hinting at a modest but telling shift in sentiment toward Ether downside exposure.
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The related asset, ETH-USD, is currently trading at $2,189.59 after gaining roughly 14% over the past three months, underscoring a resilient uptrend despite recent volatility. Short-term momentum has cooled, however, with a one-day technical reading flashing a cautious Sell, suggesting traders are reassessing near-term upside even as longer-term bulls stay engaged.
The combination of outflows from ETHD and Ether’s positive three-month performance hints at investors trimming hedges rather than doubling down on bearish bets. As leveraged inverse products magnify both risk and reward, even a relatively small redemption can signal a recalibration of risk appetite among sophisticated traders positioning around Ether’s next move.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.