Short Ether bets were squeezed again this week as ProShares UltraShort Ether ETF ETHD recorded $4.28 million in outflows on April 30, 2026. The leveraged inverse product now manages about $79.7 million in assets under management, with the latest redemptions equal to roughly 5.37% of its capital base.
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The retreat in bearish positioning comes as the related asset, ETH-USD, trades around $2,315.10 after gaining about 3.26% over the past three months. Short-term momentum looks constructive, with a one-day technical signal flashing Buy, suggesting traders see room for further upside in Ether prices.
Flows of this size are significant for a niche inverse vehicle and may indicate that some speculators are locking in profits or capitulating on fading downside volatility. If Ether’s modest uptrend extends, pressure on short ETPs like ETHD could intensify, forcing additional outflows or repositioning toward long-exposure products.
That said, the three-month gain in Ether remains relatively muted compared with past bull cycles, leaving room for tactical hedging should macro or regulatory shocks revive volatility. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.