ProShares’ bearish Ether vehicle, ETHD, saw money head for the exits on May 13, 2026, as investors pulled $507,946 from the ProShares UltraShort Ether ETF. The outflow represents about 0.57% of the fund’s $88.83 million in assets under management, a notable move that hints at waning conviction in leveraged downside exposure to Ether.
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The retreat from ETHD comes as the related asset, ETH-USD, trades around $2,126.71 after gaining roughly 8.64% over the past three months. Despite that medium-term advance, the short-term tone remains cautious, with a 1-day technical signal flashing Sell, underscoring near-term pressure even as longer-horizon sentiment stays constructive.
For leveraged ETF traders, the latest outflow may signal a recalibration of risk as volatility moderates and speculative short positions become less appealing. It also suggests some investors are locking in profits from previous downside bets or reallocating toward spot and long-oriented crypto exposures amid a still-fragile but upward-sloping Ether backdrop.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.