Short Ether Bets Unwind as ProShares’ ETHD Sees Nearly 5% of Assets Walk Out the Door
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ProShares UltraShort Ether ETF, ticker ETHD, recorded a sizable outflow of $3,967,744 on January 02, 2026, trimming its war chest of bearish capital. The leveraged short Ether vehicle now oversees $80,492,135 in assets under management (AUM), with the latest redemption wave equivalent to roughly 4.93% of its total AUM.
The move suggests a notable cohort of investors is either locking in profits or losing conviction in aggressive downside bets after a bruising quarter for Ether. The related asset, ETH-USD, is trading around $3,169.13, down about 30.58% over the past three months—a slide that had previously favored ultra-short strategies like ETHD. Yet despite that drawdown, the short-term technical picture is less decisive, with a 1-day signal flashing Hold, hinting at near-term consolidation rather than a clear trend.
Flows of this magnitude into and out of leveraged inverse products often mark shifts in sentiment at the margins of the market. The latest ETHD outflow may indicate that some traders believe the bulk of Ether’s recent downside has already been realized—or are simply de-risking after a volatile stretch. If Ether stabilizes or stages a rebound from current levels, demand for heavily geared bearish exposure could continue to soften.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.