Traders Double Down on Ether Downside as ProShares UltraShort ETF Sees Fresh Inflows
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The ProShares UltraShort Ether ETF, ETHD, drew another wave of bearish positioning on February 05, 2026, as investors funneled $4,871,760 of net new capital into the leveraged short product. With total assets under management now at $102,544,864, the latest inflow represents roughly 4.75% of the fund’s AUM, underscoring renewed conviction in downside or at least continued volatility for Ether prices.
The related asset, ETH-USD, is currently trading at $2,012.23, after shedding about 39.47% over the past three months. Despite that steep drawdown, short sellers are not backing off: the token’s one-day technical signal is flashing Sell, suggesting that momentum and trend indicators continue to tilt negative in the very near term.
Such a sizable inflow into a bearish, leveraged Ether ETF after a prolonged slide hints that a segment of the market is either hedging long spot exposure or betting that recent weakness has not yet reached exhaustion. For directional traders, ETHD’s growth signals that the appetite to play further downside remains alive, even as longer-term investors debate whether the latest correction could eventually set the stage for a recovery.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.