Short Ether Bets Ease as ProShares’ Inverse ETF Sees Notable Outflow
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ProShares UltraShort Ether ETF, ticker ETHD, recorded a sizable outflow of $1,977,748 on May 11, 2026, trimming its latest assets under management to $74,261,414. The single-day redemption represents roughly 2.66% of the fund’s AUM, signaling that a portion of investors is stepping back from leveraged bearish exposure to Ether.
The related asset, ETH-USD, is currently trading at $2,258.19, up about 7.5% over the past three months as the second-largest cryptocurrency grinds higher after a choppy first quarter. Despite that medium-term advance, its 1-day technical signal stands at Sell, suggesting near-term momentum has turned cautious even as some traders unwind short-leaning ETF positions.
The combination of money exiting ETHD and a modest three-month price rise in Ether points to a market recalibrating away from aggressive downside wagers and toward more neutral or spot-focused strategies. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.