Short Ether Bets Unwind as ProShares ETHD Sees Multi-Million Outflow
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
ProShares UltraShort Ether ETF, ticker ETHD, recorded outflows of $2,468,005 on December 23, 2025, a move that trimmed roughly 2.67% from its latest reported assets under management of $92,515,338. The withdrawal suggests some investors are dialing back leveraged bearish positions on Ether even as the underlying token remains under pressure.
The related asset, ETH-USD, is currently trading around $2,982.22, having shed about 28.8% over the past three months. Despite that steep slide, its 1-day technical outlook sits at a cautious Hold, indicating that near-term momentum has stabilized enough to keep traders on the sidelines rather than aggressively adding fresh shorts.
The combination of a sharp three-month decline in Ether and notable outflows from a leveraged short ETF underscores growing uncertainty about the depth and duration of the current downturn. Some market participants appear to be locking in profits on prior bearish positions, while others may be repositioning for a potential bounce or a period of sideways trading after a prolonged selloff.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.