Short Ether Bets Lose Steam as ProShares’ SETH Sees Nearly 10% AUM Walk Out
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The ProShares Short Ether Strategy ETF, SETH, recorded outflows of $1,350,294 on December 19, 2025, a sizable move equal to roughly 9.6% of its latest reported assets under management of $14,063,762. The redemptions mark a notable vote of reduced conviction in bearish Ether strategies, even as the underlying token remains under pressure.
The related asset, ETH-USD, is currently trading at $3,005.02, down about 31% over the past three months. Despite that steep decline, the 1-day technical snapshot still points to weakness, with a short-term signal of Sell. That combination — a prolonged drawdown in Ether alongside fresh outflows from a short-focused ETF — suggests some traders may be locking in gains on bearish positions or stepping to the sidelines ahead of potential volatility.
With nearly a tenth of SETH’s capital exiting in a single day, the move underscores how quickly sentiment can shift in leveraged and inverse crypto strategies. Investors appear to be reassessing whether the bulk of Ether’s downside has already been realized, even as technical indicators remain cautious.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

