Ether Bears Blink as ProShares UltraShort ETF Sees Notable Outflows
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The ProShares UltraShort Ether ETF, ETHD, recorded net outflows of $2,468,005 on December 23, 2025, a sizable move that trimmed roughly 2.67% of its $92.5 million in assets under management. The withdrawal suggests a meaningful shift in positioning among traders who had been using the leveraged inverse product to bet against Ether’s price.
Such outflows from a short-oriented vehicle often hint at fading bearish conviction or profit-taking after a period of volatility. With ETHD designed to deliver inverse exposure to Ether, investors pulling capital can signal expectations that downside momentum in the underlying asset may be slowing—or even reversing—into year-end.
The related asset, ETH-USD, is currently trading at $2,932.69. Over the past three months, Ether has shown a material recovery, with prices climbing despite bouts of risk aversion across broader markets. The 1-day technical picture currently flashes a cautious tone, with the signal reading Your response should be a json object with the following structure: {Summary: text, Title: text, Error: error message or null}, underscoring that short-term sentiment remains sensitive to macro data and regulatory headlines, even as the medium-term trend improves.
The combination of ETHD outflows and Ether’s recent price resilience points to a market where aggressive downside hedges are being pared back, but traders are still closely watching technical levels for confirmation of a more durable bullish phase. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.