Short Sellers Edge Back Into Ether: ProShares UltraShort Ether ETF Sees Fresh Year-End Inflows
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The ProShares UltraShort Ether ETF, ETHD, attracted $1,001,568 in new capital on December 31, 2025, a meaningful move for a niche bearish vehicle on the world’s second-largest cryptocurrency. The fresh inflow, equivalent to about 1.17% of the fund’s latest assets under management of $85.28 million, underscores renewed demand for leveraged downside exposure to Ether as traders reassess the token’s rough quarter.
Such a proportionally large single-day addition suggests that investors are not merely rebalancing but actively positioning for further volatility in Ether prices. For a leveraged inverse product like ETHD, flows often function as a sentiment gauge: rising inflows typically signal rising anxiety—or opportunism—around the underlying asset’s near-term trajectory.
The related asset, ETH-USD, is currently trading around $3,100.11, having shed roughly 30.8% over the past three months. Despite this steep pullback, the 1-day technical outlook sits at a cautious Hold, hinting that momentum indicators are not yet aligned on a decisive break either lower or higher. That ambiguity may be precisely what is drawing more sophisticated traders into ETHD as a tactical hedge or speculative vehicle.
With Ether caught between longer-term bullish narratives and short-term technical pressure, ETHD’s latest inflows highlight how leveraged inverse ETFs can become focal points for directional bets when conviction in spot markets is wavering. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.