ProShares UltraShort Ether ETF, the ETHD, saw investors pull $1.72 million on May 22, 2026, marking a notable outflow from the leveraged bearish Ether vehicle. With assets under management at roughly $85.5 million, the latest redemption represents just over 2% of the fund’s capital base, hinting at a subtle but visible shift in positioning among short-oriented traders.
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The related asset, ETH-USD, is currently trading around $2,118.98 after gaining about 15.7% over the past three months, a move that has pressured inverse products like ETHD. Despite that medium-term strength, the token’s 1-day technical signal is flashing a cautious Sell, suggesting near-term consolidation or pullbacks may be on the radar.
The outflows from ETHD may reflect short sellers locking in profits after Ether’s recent climb rather than a wholesale shift in bearish sentiment. Still, a 2% dent in AUM in a single session underscores how quickly leveraged ETF investors adjust exposure as crypto volatility ebbs and flows across the market.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.