Bearish Bitcoin Bets Surge as ProShares UltraShort Bitcoin ETF Sees Fresh Inflows
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The ProShares UltraShort Bitcoin ETF, SBIT, recorded fresh inflows of $5,781,174 on January 29, 2026, a notable move that represents roughly 4.48% of its latest reported assets under management (AUM) of $128,917,703. The sizeable single-day intake underscores renewed appetite for leveraged downside exposure to Bitcoin amid heightened volatility in the crypto market.
The related asset, BTC-USD, is currently trading around $82,988.03. Over the past three months, Bitcoin has retreated approximately 23.79%, a pullback that has opened the door for tactical bearish positioning. Short-term momentum remains fragile, with the 1-day technical signal flashing Sell, suggesting traders are still cautious about near-term price direction.
The combination of sustained three-month weakness in Bitcoin and a fresh daily sell signal helps explain why investors are allocating new capital to SBIT, which is designed to deliver inverse, leveraged exposure to the cryptocurrency’s price action. A single day’s flow equal to more than 4% of AUM is significant for a niche product, hinting that a subset of market participants is either hedging long crypto exposure or speculating on further downside.
With Bitcoin’s price still far below recent highs and technical indicators skewing negative, leveraged inverse ETFs such as SBIT can become focal points for traders seeking to magnify short-term moves. The latest flow data suggest that, for now, the balance of fast money is leaning toward additional caution rather than a rapid bullish reversal.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.