Bearish bettors on Ether doubled down this week as ProShares UltraShort Ether ETF, ETHD, logged fresh inflows of $1.81 million on April 02, 2026. The move lifted assets under management to roughly $89.9 million, with the latest flow equal to just over 2% of the fund’s capital base and signaling renewed demand for leveraged downside exposure.
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The related asset, ETH-USD, is currently trading at about $2,050.18 after a bruising three months in which it has shed roughly 35.48% of its value. Short-term momentum remains weak, with the one-day technical outlook flashing a cautious Sell signal.
The combination of deep three-month losses in Ether and fresh cash heading into an ultra-short product suggests some investors are positioning for further turbulence rather than a quick rebound. Still, with flows amounting to only a sliver of total AUM, the move looks more like opportunistic hedging and tactical trading than a wholesale shift in market conviction.
Traders will be watching whether ETH’s recent slide entices dip buyers or emboldens bears who have used leveraged inverse ETFs as a high-octane way to express their views. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.