Ether Bears Blink as ProShares UltraShort ETF Sees Cash Drain
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ProShares UltraShort Ether ETF ETHD recorded net outflows of $507,946 on May 13, 2026, trimming assets under management to $77.36 million. The latest move represents roughly 0.66% of the fund’s AUM, signaling a notable pullback from investors who had been betting on further downside in Ether prices.
The related asset, ETH-USD, is currently trading at $2,253.47 after gaining about 15.92% over the past three months. Despite that medium-term advance, the token’s 1-day technical signal flashes Sell, suggesting near-term caution even as some traders unwind leveraged short exposure.
The combination of short ETF outflows and a short-term sell signal highlights a nuanced market backdrop for Ether. Some investors appear to be locking in profits from bearish positions, while technical traders brace for potential volatility after the recent rebound in prices.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.