ProShares UltraShort Ether ETF, the ETHD fund designed to profit from declines in Ether, saw fresh outflows this week as bearish bets eased. On May 13, 2026, investors pulled $507,946 from the vehicle, trimming its assets under management to $76.2 million and wiping out roughly 0.67% of its capital base in a single session.
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The outflow suggests some traders are stepping back from leveraged downside exposure even as volatility lingers in digital assets. Short E.T.H. products like ETHD tend to attract speculative flows, and the latest redemption hints at reduced conviction that Ether’s next big move will be sharply lower, at least in the near term.
The related asset, ETH-USD, is currently trading around $2,112.87, up about 9.4% over the past three months as crypto markets staged a cautious recovery. Despite that medium-term rise, the token’s one-day technical signal flashed a cautious note, with indicators pointing to a near-term Sell.
The combination of rising spot prices and waning demand for inverse exposure underscores how quickly sentiment can pivot in crypto derivatives. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.