Investors Hit the Exit on ProShares’ Short Ether ETF as Outflows Top 7% of Assets

Short Ether Bets Lose Steam as ProShares’ SETH Logs Heavy Outflows

The ProShares Short Ether Strategy ETF, SETH, saw a sharp reversal in sentiment on December 26, 2025, with investors pulling out $847,960 in a single day. The outflow represents roughly 7.6% of the fund’s current assets under management, which now stand at about $11.17 million, signaling a notable shift among traders who had been positioning for further downside in Ether.

The move suggests that a chunk of short-oriented investors are taking profits or reducing risk after a bruising quarter for the underlying asset. The related asset, ETH-USD, is currently trading around $2,979.20, having dropped approximately 32.2% over the past three months. Despite this decline, the 1-day technical picture remains cautious, with a prevailing Sell signal, highlighting that momentum indicators still lean bearish even as some traders unwind their short exposure.

For SETH, the sizable outflow relative to its AUM hints that the most aggressive downside bets may have already played out, with participants reassessing whether Ether’s recent slide has priced in much of the bad news. If Ether stabilizes or stages a relief rally, the ETF could see further pressure from redemptions, while renewed selling in the token might tempt short-sellers back in. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.