Short Bitcoin bets gained fresh momentum this week as ProShares’ UltraShort Bitcoin ETF, SBIT, attracted $5.43 million in net inflows on February 13, 2026. The move represents roughly 2.9% of the fund’s $188.0 million in assets under management, underscoring a notable shift in capital toward leveraged downside exposure to the world’s largest cryptocurrency.
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The related asset, BTC-USD, is currently trading at $68,920.60 after dropping about 27.8% over the past three months. Technically, the market backdrop remains fragile, with the one-day signal flashing a decisive Strong Sell, a setup that appears to validate the renewed investor interest in SBIT’s bearish stance.
Such inflows into an ultrashort vehicle amid a sharp three-month price slide suggest investors are either hedging sizeable spot holdings or positioning for further downside rather than betting on an imminent rebound. With leveraged products amplifying both gains and losses, the concentration of fresh capital into SBIT highlights how sentiment around Bitcoin’s near-term trajectory has tilted aggressively defensive.
If BTC-USD fails to reclaim key psychological levels soon, demand for hedging tools like SBIT may continue to build, potentially reinforcing short-term volatility as traders lean into leveraged structures. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.