Short Ether Bets Lose Steam as ProShares SETH Sees Heavy Outflows
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The ProShares Short Ether Strategy ETF, SETH, recorded sizable outflows of $847,960 on December 26, 2025, in a notable vote of reduced conviction in bearish Ether strategies. With assets under management now at roughly $11.13 million, the latest redemption wave represents about 7.6% of the fund’s AUM, a meaningful one-day shift for a niche, inverse crypto exposure product.
The related asset, ETH-USD, is currently trading around $2,982.22, after shedding about 28.8% over the past three months. Despite that sharp drawdown, its 1-day technical outlook remains cautious, flashing a Hold signal rather than a clear inflection toward renewed momentum.
The sizable outflow from SETH suggests some traders may be locking in profits on earlier downside in Ether or trimming hedges as volatility cools, rather than doubling down on further declines. At the same time, the negative three-month performance in ETH-USD underscores how bruising the recent stretch has been for long holders, complicating the balance between risk management and timing a potential rebound.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.