Leveraged Ether Bears Blink: T-Rex’s ETQ Sees Nearly Half Its Assets Walk Out the Door
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The T-Rex 2X Inverse Ether Daily Target ETF, ETQ, recorded a sharp reversal in investor appetite on December 19, 2025, as the fund saw outflows of $1,013,416. With total assets under management now standing at $2,254,091, the single-day redemption erased roughly 45% of ETQ’s capital base, underscoring just how quickly capital can swing in leveraged crypto-linked products.
Such a large withdrawal in proportion to assets suggests some traders may be taking profits or cutting risk after a volatile stretch in the underlying market, rather than a simple, routine rebalancing. For a relatively small and highly tactical vehicle like ETQ, a flow shock of this magnitude can influence liquidity conditions and bid-ask spreads, potentially raising trading costs for remaining investors.
The related asset, ETH-USD, is currently trading at $2,981.73, having slumped about 33.29% over the past three months. Despite that sizable drawdown, short-term signals remain cautious: the 1-day technical outlook for Ether is flagged as a Sell, indicating that momentum and trend indicators have yet to confirm a durable bottom.
Taken together, the sizable outflows from ETQ and the still-bearish near-term technical profile on Ether highlight a market where conviction is fragile and positioning can flip quickly as traders navigate leveraged exposure. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

