Short Ether Fans Blink as ProShares’ UltraShort ETF Sees Double‑Digit Outflow
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The ProShares UltraShort Ether ETF, ETHD, recorded a sharp reversal in sentiment on December 29, 2025, as the fund saw outflows of $10.19 million. The move, equivalent to roughly 12.3% of its $82.67 million in assets under management, marks a notable pullback from investors who had been positioning for further downside in Ether.
Such a sizable redemption in a single day suggests that a meaningful cohort of traders is either taking profits on previously successful bearish bets or scaling back conviction that Ether’s slide will continue at the same pace. For a leveraged inverse product like ETHD, this kind of swing in flows often reflects shifting expectations about volatility and the near-term trading range of the underlying asset.
The related asset, ETH-USD, is currently trading around $2,973.21, down roughly 26.4% over the past three months. Despite that steep decline, the 1-day technical signal stands at Hold, underscoring a market that appears to be stabilizing rather than capitulating. For short-oriented traders, the combination of a moderating technical outlook and heavy recent losses in Ether may be prompting a reassessment of risk-reward in leveraged bearish products.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.