Ether’s bears hit a speed bump as ProShares UltraShort Ether ETF ETHD logged outflows of $507,946 on May 13, 2026, trimming assets under management to $79.36 million. The latest redemption amounts to roughly 0.64% of AUM, a meaningful one-day pullback that hints some traders are stepping away from leveraged downside bets.
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The related asset, ETH-USD, is currently trading at $2,172.97, up about 14.35% over the past three months despite persistent volatility. Yet the short-term tone looks more cautious, with a 1-day technical signal flashing Sell, underscoring the tension between recent price momentum and near-term technical pressure.
Flows out of ETHD suggest some investors may be locking in profits on hedges or reducing conviction in an imminent Ether pullback. Others could be reallocating away from leveraged inverse exposure as spot prices grind higher, wary that short products can erode quickly in choppy, upward-trending markets.
Still, the modest scale of outflows relative to total AUM shows that demand for structured downside protection remains intact among traders betting on renewed volatility. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.