Short Ether Bets Lose Steam as ProShares ETHD Sees $2.3 Million Walk Out
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The ProShares UltraShort Ether ETF, ETHD, recorded outflows of $2,308,086 on February 10, 2026, trimming bearish exposure to Ether futures. The withdrawal represents about 3.2% of the fund’s $71.78 million in assets under management, a meaningful single-day shift for a leveraged bearish product.
The related asset, ETH-USD, is currently trading at $1,980.94 after a punishing three-month slide of roughly 38.6%. Despite that deep drawdown, its 1-day technical signal remains a bearish Strong Sell, underscoring persistent negative momentum in Ether.
The tension between sustained weakness in Ether’s price and fresh outflows from a short-oriented fund suggests some traders may be taking profits or dialing back risk rather than pressing new downside bets. With leverage amplifying both gains and losses, recent moves in ETHD highlight how quickly sentiment can shift around inflection points in the crypto cycle.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.