Ether Bears Blink First as ProShares Short ETF Sees Sharp Outflow
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The ProShares Short Ether Strategy ETF, SETH, recorded a sizeable outflow of $847,960 on December 26, 2025, a move that trimmed its assets under management to $11,055,419. The latest redemption equals roughly 7.7% of the fund’s AUM, signaling a notable pullback from traders who had been positioning for further downside in Ether.
Such a large single-day outflow relative to fund size suggests that a slice of the market is reassessing short-Ether exposure after a bruising quarter for the underlying token. While SETH is designed to benefit from declines in Ether prices, the withdrawal may reflect profit-taking by successful short-sellers, or a shift toward a more neutral stance as volatility expectations evolve heading into the new year.
The related asset, ETH-USD, is currently trading around $3,100.11, down about 30.8% over the past three months. Despite this steep slide, the 1-day technical signal is flashing a cautious pause rather than capitulation, with indicators registering a Hold. That mix of longer-term weakness and short-term indecision may help explain why some investors are stepping back from leveraged bearish bets via SETH rather than doubling down.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.