Short Sellers Double Down: ProShares UltraShort Ether ETF Draws Nearly 10% of Its AUM in Fresh Inflows

Short Ether Bets Swell as ProShares Inverse ETF Sees Nearly 10% AUM Swing

ProShares UltraShort Ether ETF, ticker ETHD, recorded fresh inflows of $8.17 million on February 26, 2026, a sizable move equal to roughly 9.8% of its $83.4 million in assets under management. The sharp increase in capital suggests investors are ramping up bearish or hedging positions against Ether even after a steep drawdown.

The related asset, ETH-USD, is currently trading at $1,854.46, down about 36.3% over the past three months, underscoring the depth of the recent correction in major cryptocurrencies. Despite that slide, its 1-day technical signal stands at Hold, pointing to a market still searching for direction rather than capitulating outright.

The timing of inflows into ETHD indicates that some traders expect further downside in Ether or are seeking protection against renewed volatility following the latest leg lower. Others may be using the leveraged inverse vehicle tactically, aiming to profit from short-term swings as liquidity and macro headlines drive rapid intraday moves in digital assets.

With bearish positioning growing through inverse products even as technical indicators flash neutrality, Ether’s next move could hinge on broader risk sentiment and regulatory news flow. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.