Bearish Bets Build: ProShares UltraShort Bitcoin ETF Draws Fresh Inflows as BTC Slides
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The ProShares UltraShort Bitcoin ETF, SBIT, attracted $1,283,469 in new capital on January 27, 2026, as traders increased leveraged downside exposure to Bitcoin. The latest flow represents about 1.05% of the fund’s $122.46 million in assets under management (AUM), a meaningful single-day shift that underscores growing conviction in a continued pullback for the world’s largest cryptocurrency.
Such an inflow, relative to AUM, suggests investors are not merely rebalancing but actively positioning for further weakness. Leveraged inverse products like SBIT are typically used by sophisticated traders seeking to hedge spot holdings or speculate on short-term declines, and a 1%+ swing in AUM via flows in one session signals a notable uptick in bearish sentiment rather than passive drift.
The related asset, BTC-USD, is currently trading around $82,222, down roughly 19.5% over the past three months, indicating that the recent correction has erased a significant portion of prior gains. Technically, the picture remains bleak: the 1-day signal flashes a Strong Sell, reinforcing the idea that momentum and short-term trend indicators are aligned against the bulls.
The combination of a sharp three-month drawdown in Bitcoin and rising inflows into an ultra-short ETF paints a picture of a market where hedging demand and speculative short interest are both intensifying. Whether this build-up in inverse exposure marks a prelude to further downside or sets the stage for a contrarian squeeze will depend on how macro risk appetite and crypto-specific catalysts evolve in the coming weeks.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.