Short Ether Bets Ease as ProShares’ ETHD Sees Outflow Ahead of Spring Trading
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
ProShares UltraShort Ether ETF, ETHD, recorded net outflows of $1,818,552 on March 24, 2026, trimming bearish exposure to leveraged Ether downside. The move affects roughly 1.9% of the fund’s $94.6 million in assets under management, signaling that a slice of investors is dialing back short-oriented crypto hedges.
The related asset, ETH-USD, is currently trading at $2,039.38 after a bruising three-month stretch in which it slid about 26.9%. Yet despite that drawdown, its 1-day technical signal has flipped to Buy, a shift that may be prompting traders to reassess the need for leveraged downside protection via inverse products like ETHD.
The combination of capital leaving a bearish ETF and a short-term buy signal on Ether hints at emerging optimism, or at least waning conviction in continued selling pressure. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.