Short Ether Bets Unwind as ProShares SETH Sees One of Its Steepest Outflows
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The ProShares Short Ether Strategy ETF, SETH, recorded significant outflows on December 26, 2025, with investors withdrawing $847,960 from the fund. The redemption represents roughly 7.6% of the ETF’s latest reported assets under management, which now stand at $11.13 million, marking a notable vote of waning conviction in bearish Ether positioning.
Such a sizeable single-day outflow suggests that traders who had been positioned for further downside in Ether prices are either taking profits or rotating out of short exposure. For a relatively young and niche product like SETH, a flow event of this magnitude can meaningfully reshape its investor base and liquidity profile, and may indicate shifting sentiment around the near-term trajectory of Ether.
The related asset, ETH-USD, is currently trading at $2,939.23. Despite the apparent move out of short-Ether exposure, the token has endured a difficult quarter, falling about 28.13% over the past three months. From a technical perspective, short-term signals remain negative, with the 1-day outlook flashing a Strong Sell rating, underscoring the tension between deteriorating price action and investors’ apparent willingness to dial back outright bearish bets.
The combination of heavy outflows from a short-focused ETF and still-bearish technicals on Ether may point to a market that is moving from aggressive shorting toward more neutral or hedged positioning, rather than a clear bullish reversal. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.