Bearish bet blinks: ProShares UltraShort Bitcoin ETF sees swift outflow as traders rethink the downside.
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ProShares’ ProShares UltraShort Bitcoin ETF, SBIT, recorded outflows of $3,187,330 on February 20, 2026, trimming its assets under management to $173.5 million. The latest redemption, equal to roughly 1.84% of AUM, suggests some investors are easing off aggressive short exposure after a volatile stretch in the crypto market.
The related asset, BTC-USD, is currently trading at $66,381.63, having fallen about 23.57% over the past three months. Despite that drawdown, the coin’s near-term tone remains negative, with a 1-day technical signal flashing Sell, underscoring lingering caution among traders.
Flows exiting an inverse product like SBIT can indicate profit-taking by bears or a belief that the sharp downside phase in Bitcoin is maturing. At the same time, the persistent short-term sell signal on BTC highlights how sentiment remains fragile, leaving room for renewed hedging if volatility accelerates again.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.