ProShares UltraShort Ether ETF (ETHD)
Daily leveraged inverse (-2x) Ether futures ETF from ProShares – seeks -2x the daily performance of Ether (high-risk, short-term hedging/ bearish trading vehicle only).
Key Facts
| Issuer | ProShares |
|---|---|
| Ticker | ETHD (NYSE Arca) |
| Expense Ratio | 0.99% |
| Approx. AUM | $70M–$84M (as of Jan 9, 2026) |
| Type | Leveraged inverse -2x Ether futures (daily reset) |
| Inception | June 7, 2024 (trading start) |
| Official Site | ProShares ETHD Page |
Composition / Holdings
ETHD seeks -2x daily Ether performance via cash-settled CME Ether futures (no direct Ether holding).
| Asset | Percentage | Description |
|---|---|---|
| CME Ether Futures (short/inverse) | Primary | Cash-settled futures for -2x daily Ether exposure |
| Cash/Collateral | Supporting | High-quality securities/money market for margin |
Daily reset leveraged inverse product – compounding/decay can cause major deviation over periods >1 day. Not suitable for long-term holding.
Net Inflows & Outflows
Historical net flows showing demand for inverse leveraged exposure. Modest AUM growth (~$70M–$84M) since launch, driven by hedging/bearish sentiment with high volatility.
Performance Overview
Daily -2x inverse leveraged performance vs. Ether spot (strong inverse correlation short-term; compounding/volatility decay impacts longer periods significantly).
ESG & Sustainability Metrics
Estimated ESG profile for Ether exposure (futures-based inverse; post-Merge PoS improves energy score, but leveraged inverse adds complexity).
Pros
- Provides -2x daily inverse exposure to Ether price moves (bearish/hedging tool)
- Useful for short-term tactical plays or hedging Ether positions
- Modest AUM and liquidity for inverse leveraged crypto product
- No direct custody needed (futures-based)
Cons
- Extreme risk from daily reset, compounding, volatility decay, and inverse mechanics (not for long-term holding)
- High 0.99% expense ratio
- Potential for substantial losses if Ether rises (amplified)
- Requires constant monitoring; unsuitable for most investors
How to Buy ETHD
Available on major US brokers (Fidelity, Schwab, Vanguard, Robinhood, etc.). Search ticker ETHD. Intended for experienced, short-term traders/hedgers only due to leveraged inverse risks.
Not financial advice. Leveraged inverse ETFs like ETHD involve extreme risk, including potential for total loss of principal. Investments in crypto products are highly volatile. Data approximate as of January 9-11, 2026 (sources: ProShares, Yahoo Finance, ETF Database). Always verify with official sources and understand daily reset/compounding/inverse effects.