Short Ether Bets Ease as ProShares UltraShort ETF Sees Outflow
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ProShares UltraShort Ether ETF, ticker ETHD, recorded net outflows of $2,468,005 on December 23, 2025, trimming its bearish exposure to Ethereum. The leveraged inverse fund now manages $92,515,338 in assets under management (AUM), with the latest redemption representing roughly 2.67% of its total AUM, a meaningful vote of reduced conviction in ultra-short Ether positioning.
The move suggests some investors are locking in gains or cutting risk after a volatile quarter for Ether, rather than aggressively adding to downside exposure. For a leveraged bearish vehicle like ETHD, such outflows can indicate waning demand for high-octane hedges, even as underlying price action remains unsettled.
The related asset, ETH-USD, is currently trading around $2,969.96. Over the past three months, Ether has slid roughly 30.07%, underscoring the drawdown that initially made inverse products attractive to speculators and hedgers. Despite that decline, the short-term technical picture is less decisive, with a 1-day signal of Hold, hinting at a market pausing to reassess direction rather than committing to a clear bullish rebound or renewed selloff.
This combination of sizable outflows from ETHD and a neutral near-term technical read on Ether points to a market in transition, where traders may be shifting from aggressive downside bets toward more balanced positioning as they await the next macro or regulatory catalyst for digital assets. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.