Short Ether Bets Lose Steam as ProShares SETH Sees Near-10% AUM Outflow
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The ProShares Short Ether Strategy ETF, ticker SETH, saw investors pull back from bearish Ethereum wagers, with outflows of $1,350,294 on December 19, 2025. The withdrawal represents roughly 9.6% of the fund’s latest assets under management, which now stand at $14,063,762, marking a notable vote of reduced conviction in leveraged downside exposure to Ether.
The sharp single-day redemption suggests that a segment of traders is either taking profits on successful short positions or unwinding protection as volatility expectations cool. For a short strategy ETF, such a sizable share of AUM leaving in one move can indicate a shift in sentiment away from aggressively positioned bears, even if overall market uncertainty remains elevated.
The related asset, ETH-USD, is currently trading at $2,964.8. While the three-month percentage change was not specified, the price level itself reflects Ethereum’s recovery from prior lows, a backdrop that often pressures inverse products like SETH as short exposure becomes more expensive to maintain. On a one-day basis, the technical backdrop is flashing a Your response should be a json object with the following structure: {Summary: text, Title: text, Error: error message or null} signal, underscoring the importance of short-term momentum in shaping ETF flows around Ether-linked products.
As Ethereum’s price action continues to drive positioning in both long and short vehicles, SETH’s latest outflows may foreshadow a more cautious approach to outright bearish bets if the underlying asset can sustain its current levels or extend its advance. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

