Short Ether Bets Lose Steam as ProShares UltraShort ETF Sees Over $4 Million Walk Out
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
ProShares’ bearish Ether vehicle, the ETHD UltraShort Ether ETF, recorded outflows of $4.28 million on April 30, 2026, trimming its assets under management to $79.73 million. The latest redemption wave equals roughly 5.37% of AUM, signaling a notable shift in sentiment among traders who had been positioning for downside in Ether.
The related asset, ETH-USD, is currently trading at $2,367.72, up about 7.39% over the past three months as the second-largest cryptocurrency grinds higher after a volatile first quarter. The token’s short-term setup is leaning constructive as well, with a 1-day technical reading flashing a Buy signal, making fresh bearish exposure via leveraged inverse products a tougher sell.
Outflows of this size from ETHD suggest that some speculative bears are locking in profits or abandoning short theses as Ether’s resilience challenges expectations of a deeper correction. If ETH’s gradual climb continues, demand for inverse exposure could remain under pressure, potentially shrinking the fund further unless volatility returns and revives hedging interest.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.