Ether Bears Blink as ProShares UltraShort ETF Sees 3.7% of Assets Walk Out the Door

Ether Bears Blink as ProShares UltraShort ETF Sees 3.7% of Assets Walk Out the Door

ProShares UltraShort Ether ETF, ticker ETHD, recorded outflows of $3.44 million on March 2, 2026, marking a notable vote of caution from short-Ether traders. With assets under management now at about $93.0 million, the latest move represents roughly 3.7% of the fund’s capital base shifting to the sidelines.

The related asset, ETH-USD, is currently trading at $2,076.41 after a bruising three-month slide of about 37%. Despite that steep decline, the token’s 1-day technical signal remains a bearish Strong Sell, underscoring that momentum traders still see downside risk in the near term.

The sizable redemption from this leveraged short ETF may suggest some investors are locking in gains or reducing risk rather than pressing fresh bearish bets. It also highlights how quickly sentiment can pivot in crypto derivatives products, even when spot signals stay negative and volatility remains elevated around major tokens like Ether.

For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.