Short Ether Bets Trimmed as ProShares’ UltraShort ETF Sees Fresh Outflows
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ProShares UltraShort Ether ETF saw investors pull back from bearish positions on April 30, 2026, as the fund logged an outflow of $4.28 million. The move in ETHD amounted to roughly 5.37% of its $79.73 million in assets under management, underscoring a notable shift in sentiment toward leveraged downside exposure.
The related asset, ETH-USD, is currently trading at $2,368.53 after climbing about 26.21% over the past three months. Its 1-day technical signal is flashing a firm Buy, a backdrop that may help explain why some traders are scaling back on inverse Ether products.
The sizable single-day redemption suggests growing discomfort with maintaining aggressive short exposure after Ether’s latest rally. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.