Short Ether Traders Blink as ProShares’ Inverse ETF Sees 4% Asset Drain
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The ProShares UltraShort Ether ETF, ETHD, logged a sharp outflow of $3.6 million on December 17, 2025, trimming its assets under management to $85.1 million. The latest redemption wave represents roughly 4.23% of the fund’s AUM, signaling a notable pullback from investors who had been betting on further downside in ether prices.
ETHD is designed to deliver inverse exposure to ether, making it a vehicle of choice for traders seeking to profit from declines in the world’s second-largest cryptocurrency. The sizable one-day outflow suggests some short-leaning investors may be locking in gains or reassessing bearish positions after a bruising quarter for the underlying asset.
The related asset, ETH-USD, is currently trading around $2,953.31, having shed nearly 35% over the past three months. Despite that steep retreat, short-term indicators remain cautious, with a 1-day technical stance still flashing Sell. That juxtaposition—persistent technical weakness alongside notable outflows from a bearish ETF—highlights growing uncertainty over whether the recent slide has more room to run or is nearing exhaustion.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.