ProShares Ultra Ether ETF Faces Sharp Outflows as Traders Flee Leveraged Ether Exposure
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ProShares Ultra Ether ETF, ticker ETHT, saw a notable wave of redemptions on December 26, 2025, with investors pulling approximately $11.78 million from the fund. The outflow represents about 3.74% of its latest reported assets under management (AUM) of $314.83 million, signaling a meaningful vote of caution from holders of the leveraged Ether product.
The related asset, ETH-USD, is currently trading around $2,939.23. Over the past three months, Ether has dropped roughly 28.13%, a drawdown that has weighed heavily on sentiment toward leveraged instruments like ETHT. Short-term momentum remains negative, with the 1-day technical signal flashing a Strong Sell, reinforcing concerns that the recent weakness could persist.
The combination of a steep three-month decline in Ether and a strongly bearish technical profile appears to be prompting risk reduction among traders who had previously used ETHT to amplify upside exposure. With nearly 4% of the fund’s capital exiting in a single day, the move underscores how quickly positioning can reverse when underlying volatility turns against speculative bets. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.