ProShares UltraShort Ether ETF, the ETHD fund designed to profit from declines in Ether, saw outflows of $507,946 on May 13, 2026. The redemption, equal to about 0.67% of its $76.2 million in assets under management, signals a modest retreat by traders who had been betting against the second-largest cryptocurrency.
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The related asset, ETH-USD, is currently trading at $2,115.52 after gaining roughly 10.8% over the past three months. Despite that advance, the short-term tone has cooled, with a 1-day technical signal flashing Sell, hinting at potential near-term consolidation or profit-taking.
The latest flow suggests some investors are locking in profits on bearish positions as Ether’s medium-term uptrend remains intact. Yet the pullback in assets is relatively small in percentage terms, underscoring persistent demand for downside hedges in a market still grappling with macro uncertainty and shifting regulatory headlines.
With Ether prices climbing but technicals turning cautious, ETHD’s flows highlight an increasingly tactical approach among traders who are quick to adjust exposure. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.