Short Ether Bets Retreat as ProShares’ SETH Logs Sharp Outflow
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The ProShares Short Ether Strategy ETF, SETH, saw investors pull roughly $847,960 on December 26, 2025, marking a notable outflow for the bearish Ether vehicle. With assets under management now standing at about $11.0 million, the latest redemption equates to roughly 7.71% of the fund’s AUM — a sizable swing that suggests a recalibration of sentiment toward Ethereum’s price path.
The move is particularly striking given the backdrop in the underlying asset. The related cryptocurrency, ETH-USD, is currently trading around $3,142.82 and has shed approximately 31.41% over the past three months, reflecting a deep correction after earlier gains. Despite that slide, the short-term trading outlook appears less decisive: the 1-day technical signal for ETH-USD screens as a cautious Hold, indicating neither a clear bullish nor bearish edge in the immediate term.
Against this backdrop, the sizeable outflow from SETH may hint that some traders are locking in profits on successful downside bets or stepping back from aggressive short exposure after a steep Ether pullback. Others may be waiting on the sidelines for clearer macro cues or regulatory developments before re-upping directional positions. With volatility still a defining feature of the crypto complex, flows into and out of inverse products like SETH will remain a closely watched barometer of market conviction around Ether’s next big move.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.