Ether Bulls Tap the Brakes as ProShares’ Leveraged ETHT Fund Sees Notable Outflow
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ProShares Ultra Ether ETF, ticker ETHT, recorded a sizeable single-day outflow of $7,354,182 on December 19, 2025, marking a clear bout of profit-taking or de-risking among leveraged Ether traders. With the fund’s latest assets under management standing at $305.2 million, the move represents roughly 2.41% of AUM — a meaningful shakeout for a product designed to amplify Ether’s price swings.
Such an outflow magnitude suggests a shift in positioning rather than routine noise, as leveraged crypto ETFs typically cater to short-term, high-conviction traders. The withdrawal may reflect investors locking in gains after Ether’s recent run, or dialing back exposure ahead of potential volatility catalysts such as regulatory headlines or macro data that could ripple through risk assets.
The related asset, ETH-USD, is currently trading at $2,964.80. Over the past three months, the token has delivered a strong advance, though the exact percentage change was not specified, underscoring the broader recovery in major digital assets from this year’s lows. On a shorter horizon, the 1-day technical picture is flashing a technical signal, hinting that momentum traders are watching key levels closely as leveraged vehicles like ETHT register significant swings in capital flows.
While leveraged ETF flows do not always map directly onto long-term sentiment, they often serve as a barometer of speculative appetite. The latest outflow from ProShares Ultra Ether ETF may therefore signal a more cautious tone among traders who had previously been leaning aggressively into Ether’s upside. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.