Short Ether bets drew fresh capital this week as ProShares UltraShort Ether ETF (ETHD) logged $1.93 million in inflows on May 7, 2026, a notable move for the bearish fund. The cash injection lifts its assets under management to about $75.7 million, with the latest flow equal to roughly 2.5% of AUM, underscoring growing conviction among traders positioning for downside in Ether.
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The related asset, ETH-USD, is currently trading at $2,312.88, up around 8.35% over the past three months as the second‑largest cryptocurrency grinds higher. Yet the short‑term tone has softened, with a 1‑day technical signal flashing Sell, giving ETF bears fresh justification to hedge or speculate against recent gains.
The combination of rising prices in spot Ether and fresh allocations into a leveraged short ETF highlights a market split between longer‑term optimism and near‑term caution. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.