Short Ether Bets Unwind as ProShares UltraShort Ether ETF Sees Nearly 5% of Assets Walk Out
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The ProShares UltraShort Ether ETF, ETHD, recorded significant outflows on January 2, 2026, with investors pulling $3,967,744 from the fund. The move trimmed its assets under management to $80,492,135, meaning roughly 4.93% of its capital base exited in a single session—an unusually large swing for a leveraged, inverse product.
Such a sharp withdrawal suggests traders are either locking in profits on bearish Ether positions or dialing back risk exposure after a volatile quarter for the underlying asset. For a short-focused ETF like ETHD, sizable redemptions can indicate waning conviction in further downside, or simply a tactical repositioning as derivatives and spot markets recalibrate.
The related asset, ETH-USD, is currently trading at $3,222.36, having shed about 32.09% over the past three months. Despite the steep slide, near-term signals remain non-committal, with the 1-day technical outlook flashing a cautious Hold. That combination—deep recent losses but neutral short-term momentum—may be prompting some short sellers to take money off the table rather than press their bets.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.