Bearish Ether Traders Retreat as ProShares UltraShort Ether ETF Sees Multi-Million Outflow
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The ProShares UltraShort Ether ETF, ETHD, recorded a sizeable outflow of $2,468,005 on December 23, 2025, as investors pulled capital from the leveraged bearish vehicle. The move represents roughly 2.67% of the fund’s latest assets under management, which stand at $92,515,338, signaling a notable shift in positioning among traders who had been betting against Ether.
The related asset, ETH-USD, is currently trading at $2,939.23, having dropped 28.13% over the past three months. Despite that sizeable decline, short-term technicals remain pessimistic, with a 1-day signal of Strong Sell, suggesting momentum traders still see downside risk or at least limited near-term upside.
The outflow from ETHD may indicate that some traders are locking in profits from successful bearish bets or reducing risk into year-end after Ether’s steep three-month slide. Alternatively, it could reflect shifting expectations that much of the downside move has already been priced in, making leveraged short exposure less attractive even as technical gauges remain negative.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.