Investors Slam the Brakes on Bearish Ether Bets as SETH Bleeds Assets

Short Ether ETF Sees Sharp Outflows as Traders Warm Back to Crypto Risk

The ProShares Short Ether Strategy ETF, SETH, logged sizable redemptions on December 19, 2025, with investors pulling approximately $1.35 million from the fund. The latest outflow represents about 10.4% of its $12.98 million in assets under management, marking a notable vote of diminished conviction in bearish Ether bets.

Such a large single-day withdrawal, relative to the fund’s size, suggests that a meaningful slice of investors are unwinding short-ETH exposure rather than adding fresh downside protection. In the context of a crypto market that has recently shown signs of renewed appetite for risk, the move may signal that traders see less imminent downside in Ether or are rotating capital into more directional long products.

The related asset, ETH-USD, is currently trading around $2,918.77. While the three-month percentage change was not specified, Ether’s recovery toward the $3,000 mark has been a key technical and psychological milestone for market participants, often coinciding with increased liquidation of bearish structures such as inverse or short-focused ETFs. The 1-day technical backdrop for Ether is flashing a Your response should be a json object with the following structure: {Summary: text, Title: text, Error: error message or null} signal, underscoring how short-term momentum indicators may be reinforcing the move away from short exposure.

For ProShares’ SETH, the combination of rising spot prices and significant outflows highlights how quickly sentiment can pivot in crypto derivatives and structured products. If Ether’s upward bias continues, inverse strategies may face further pressure as investors either lock in gains from prior downside moves or cut losses on contrarian trades that failed to materialize.

For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.