Short Ether bettors just doubled down. ProShares UltraShort Ether ETF, ETHD, logged a fresh $1.67 million in inflows on April 9, 2026, lifting assets under management to about $81.9 million. The latest haul represents just over 2% of the fund’s capital base, underscoring growing demand for leveraged downside exposure to the world’s second-largest cryptocurrency.
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The related asset, ETH-USD, is currently trading at $2,387.41 after shedding nearly 28% over the past three months. Despite that drawdown, its one-day technical signal flashes Buy, hinting at a potential short-term rebound even as ETF investors appear to be positioning for further weakness or volatility.
The contrasting signals highlight a market divided between tactical traders hunting a bounce in spot Ether and more cautious players seeking protection via inverse products like ETHD. Inflows of this size may not move the crypto market on their own, but they offer a window into sentiment as investors weigh whether Ether’s slide is closer to a bottom or just another step lower. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.