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Shorting the Slide: ProShares UltraShort Ether ETF Attracts a Wave of New Bearish Bets

Shorting the Slide: ProShares UltraShort Ether ETF Attracts a Wave of New Bearish Bets

Short-Side Ether Traders Pile In as ProShares’ ETHD Sees Double-Digit Inflow

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ProShares UltraShort Ether ETF, ticker ETHD, drew fresh capital of $11,146,401 on April 14, 2026, marking one of its larger single-day moves this quarter. The leveraged bearish product now manages $92,511,413 in assets under management, with the latest inflow equal to roughly 12.05% of its total AUM, a sizeable vote of confidence in the downside trade.

The related asset, ETH-USD, is currently trading at $2,340.03 after a volatile quarter that left it down about 28.37% over the past three months. Despite that slump, its one-day technical signal has flipped to Buy, suggesting short-term momentum is trying to turn even as investors hedge or speculate through an ultrashort ETF.

The sharp inflow into ETHD underscores how traders are positioning for either renewed weakness in Ether or at least heightened volatility following the recent drawdown. With a double-digit share of AUM arriving in a single day, the move hints at growing demand for tactical bearish exposure rather than long-only conviction in the underlying token.

For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

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