Ether Leverage Trade Loses Steam as ProShares Ultra Ether ETF Sees Fresh Outflows
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The ProShares Ultra Ether ETF, ETHT, recorded net outflows of $11.78 million on December 26, 2025, as leveraged ether bets continued to unwind. The latest redemptions represent roughly 3.74% of the fund’s $314.8 million in assets under management (AUM), a meaningful pullback that underscores investor caution around short-term ether price dynamics.
The related asset, ETH-USD, is currently trading at $2,969.96, having shed about 30.07% over the past three months amid broader weakness and profit-taking across major cryptocurrencies. Despite the drawdown, the 1-day technical picture for ether is flashing a neutral stance, with a Hold signal, suggesting that momentum traders have yet to commit decisively to either further selling or a rebound.
The combination of sizable outflows from ETHT and the steep three-month decline in ether highlights how leveraged products can amplify sentiment shifts: investors who previously sought enhanced upside exposure now appear to be reducing risk as volatility persists. Still, the fund retains a substantial asset base, indicating continuing interest from traders willing to time short-term moves in the world’s second-largest cryptocurrency by market value.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

