Short Ether Bears Blink as ProShares’ ETHD Faces Heavy Redemptions
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ProShares UltraShort Ether ETF, the ETHD fund designed to profit from declines in Ether, saw investors pull $5.62 million on February 13, 2026. The outflow, equivalent to about 6.4% of its $88.37 million in assets under management, marks a notable vote of reduced conviction in leveraged downside exposure.
The related asset, ETH-USD, is currently trading at $1,985.81 after a steep 35.36% decline over the past three months. Despite that slump, the 1-day technical signal remains a bearish Strong Sell, underscoring that price momentum has yet to convincingly turn in favor of bulls.
Outflows of this size from a bearish, leveraged product can sometimes hint at profit-taking or fatigue among short-term traders rather than a clear shift in market direction. Still, with ETHD’s assets meaningfully dented in a single session, some investors appear less willing to maintain high-octane downside bets just as Ether trades near recently depressed levels.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.