Traders Dial Back Bearish Ether Bets as ProShares’ UltraShort ETF Sees Nearly 6% of AUM Exit

Short Ether Bets Ease as ProShares’ Leveraged Bear ETF Sees Notable Outflows

The ProShares UltraShort Ether ETF, ETHD, recorded net outflows of $4,446,945 on January 27, 2026, a meaningful move for the bearish fund that targets inverse exposure to Ether. With assets under management now standing at $74,305,617, the single-day redemptions represent roughly 5.98% of the ETF’s total assets, signaling that a segment of investors is stepping back from leveraged short Ether exposure.

Such a sizable redemption relative to AUM suggests changing risk appetites among traders who had been positioning for continued weakness in Ether. While one day does not define a trend, flows of this magnitude can indicate either profit-taking after prior downside moves in the underlying cryptocurrency or reduced conviction in the longevity of the bearish trade.

The related asset, ETH-USD, is currently trading at $2,719.08, having dropped about 23.01% over the past three months. Despite the recent exodus from the short-focused ETF, near-term technicals remain cautious: the 1-day signal is rated Sell, underscoring that momentum indicators and trend gauges still point to downside pressure in the immediate term.

The combination of bearish price signals in Ether and notable outflows from a leveraged short vehicle paints a nuanced picture: some traders may be locking in gains or de-risking, even as charts warn that volatility and selling pressure are not yet fully exhausted. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.