Ether Bears Blink as ProShares UltraShort ETF Sees Notable Outflow
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ProShares UltraShort Ether ETF, the leveraged bearish vehicle trading under ticker ETHD, recorded outflows of $3.36 million on April 16, 2026, trimming assets under management to roughly $80.21 million. The latest redemption represents about 4.18% of the fund’s AUM, signaling a meaningful shift in positioning among traders who had been betting against Ether’s price.
The related asset, ETH-USD, is currently trading at $2,375.55 after a bruising three‑month slide of about 26.44%, which had previously emboldened short-oriented strategies. Despite the longer-term weakness, the token’s 1‑day technical signal has flipped to Buy, suggesting growing expectations of a short-term rebound that may be prompting traders to unwind ultra-short exposure.
The combination of sizeable outflows from ETHD and a nascent technical improvement in Ether spot prices hints at a possible inflection in sentiment, even as macro uncertainty and regulatory overhang continue to cloud the broader crypto landscape. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.