Bearish Ether ETF Draws Fresh Cash as Traders Double Down on Downtrend
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The ProShares Short Ether Strategy ETF, SETH, saw a notable influx of capital on December 17, 2025, with $2,126,070 in new money flowing into the fund. The bearish Ether vehicle now oversees $15,211,114 in assets under management (AUM), meaning the latest flow represents roughly 13.98% of its total size—an unusually large one-day swing that underscores growing conviction in downside protection or outright speculative short positioning.
Such a sizable inflow, relative to AUM, suggests that investors are either hedging long spot exposure or betting that Ether’s weakness has further to run. Short-biased products like SETH tend to attract interest when volatility spikes or when sentiment turns decisively negative, and the latest figures point to a market that is leaning more heavily into defensive or contrarian strategies rather than capitulating on crypto exposure altogether.
The related asset, ETH-USD, is currently trading around $2,981.73, having shed approximately 33.29% over the past three months. Technically, Ether remains under pressure, with a 1-day signal flashing Sell, reinforcing the narrative that near-term momentum is skewed to the downside. The combination of a steep recent drawdown, negative short-term technicals, and fresh inflows into an inverse Ether ETF paints a picture of a market still grappling with risk-off sentiment across the digital asset complex.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

