Ether Bears Blink as ProShares UltraShort ETF Sees Outflow Jolt
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ProShares UltraShort Ether ETF ETHD recorded net outflows of $507,946 on May 13, 2026, trimming assets under management to $76.2 million. The move represents roughly 0.67% of AUM, signaling a notable but not destabilizing vote of reduced conviction from traders betting against ether.
The related asset, ETH-USD, is changing hands around $2,127.89 after advancing about 7.7% over the past three months. Despite that medium-term gain, the short-term tone remains cautious, with a 1-day technical signal flashing Sell, underscoring the tug-of-war between dip buyers and momentum skeptics.
ETHD’s latest flow suggests some short-ether positions are being unwound as volatility cools and traders consolidate risk after spring’s price swings. While the capital shift is modest in percentage terms, it highlights how leveraged inverse products can act as early barometers of sentiment, with even fractional reallocations hinting at changing views on ether’s near-term trajectory.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.