Short Ether Bets Lose Steam as ProShares UltraShort ETF Sees Near 2% Outflow
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ProShares UltraShort Ether ETF, the ETHD, recorded net outflows of $1.77 million on March 19, 2026, trimming bearish exposure to Ether. The withdrawal amounts to roughly 1.96% of the fund’s $90.47 million in assets under management, signaling a notable but not destabilizing shift away from leveraged short Ether positioning.
The related asset, ETH-USD, is currently trading at $2,158.26 after a bruising three-month slide of about 28.75%. Despite the drawdown, the one-day technical signal remains a cautious Sell, suggesting traders are not yet convinced that a durable bottom is in place for the second-largest cryptocurrency.
The outflow from ETHD may indicate that some investors are locking in profits from prior downside moves or reducing risk amid heightened volatility. It also hints at a modest easing in conviction around aggressive short Ether strategies, even as technicals still lean bearish and macro uncertainty keeps digital-asset sentiment fragile.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.