Short Ether Bets Swell as ProShares’ ETHD Lures Fresh Inflows
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ProShares UltraShort Ether ETF, the leveraged bearish vehicle trading under ticker ETHD, drew $1,667,991 in net inflows on April 09, 2026, a sizable move for a single day. With assets under management now at $85.23 million, the latest flow represents roughly 1.96% of the fund’s AUM, signaling renewed conviction among traders looking to play downside in Ether.
The related asset, ETH-USD, is currently trading at $2,244.87 after a bruising three-month slide of about 29.07%, reflecting the depth of the recent crypto downturn. Yet, on a shorter horizon, the 1-day technical signal flashes a cautious Buy, hinting at the potential for a near-term rebound even as macro bears pile into inverse products.
The juxtaposition of rising inflows into ETHD with a tentative buy signal on Ether underscores a market split between tactical dip-buyers and investors hedging or speculating on further weakness. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.