Bearish Ether Bets Lose Steam as ProShares UltraShort Fund Sees Notable Outflows
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The ProShares UltraShort Ether ETF, ETHD, recorded significant redemptions on December 23, 2025, with investors pulling out $2,468,005 in net flows. The move trimmed the fund’s assets under management to $90,551,860, meaning roughly 2.73% of its capital base exited in a single session—an unusually large swing for a leveraged, short-focused product.
Such outflows from a bearish Ether vehicle can signal shifting sentiment among sophisticated traders who often use inverse ETFs to hedge or speculate on downside. While one day does not make a trend, the size of the withdrawal suggests that at least some investors are reassessing the risk-reward profile of betting against Ether at current levels.
The related asset, ETH-USD, is currently trading around $2,971.60. Over the past three months, Ether has seen a notable rebound, contributing to pressure on short positions, although the precise three‑month percentage change was not specified in the latest data. On the short-term technical front, the 1-day signal is flashing bullish, reinforcing the narrative that downside hedges may be losing appeal as momentum tilts in favor of buyers.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.