Leverage Loses Its Luster? ProShares Ultra Ether ETF Sees Notable Outflow as Traders De-Risk
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The ProShares Ultra Ether ETF, ETHT, recorded a sizable outflow of $11.78 million on December 26, 2025, underscoring investor caution toward leveraged crypto exposure. With assets under management now standing at about $314.83 million, the latest redemption represents roughly 3.74% of the fund’s AUM—a meaningful vote of risk-off sentiment in a single trading day.
Such a withdrawal suggests that a segment of traders is stepping back from leveraged bets on ether amid heightened volatility and a weakening price trend. Leveraged products like ETHT, designed to amplify daily moves of the underlying asset, often see flows swing sharply as speculative positioning adjusts to changing market narratives and risk appetite.
The related asset, ETH-USD, is currently trading at $2,982.22, having shed about 28.8% over the past three months. That drawdown reflects persistent selling pressure following an earlier rally, as investors reassess growth and liquidity conditions across the broader digital-asset complex. The 1-day technical signal for ETH is flashing a cautious tone, sitting at Hold, which aligns with the idea that markets are in a wait-and-see mode rather than capitulating outright.
Against this backdrop, ETHT’s latest outflow could be read less as a verdict on ether’s long-term prospects and more as a tactical retreat from leverage while the market searches for a new equilibrium in price and volatility. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.