Bitcoin Bears Edge Back: Fresh Inflows Hit ProShares UltraShort Bitcoin ETF
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The ProShares UltraShort Bitcoin ETF, SBIT, recorded fresh bearish interest on January 21, 2026, with $818,144 in net inflows, according to the latest fund data. The move lifts the fund’s assets under management to $117.48 million, with the new capital representing roughly 0.70% of AUM—a meaningful addition for a leveraged, short-side vehicle.
The inflow suggests a renewed appetite for hedging or outright speculation against Bitcoin after a choppy few months for the flagship cryptocurrency. While the percentage of AUM affected is under 1%, it signals that investors are incrementally rebuilding short exposure rather than capitulating, even as volatility and macro uncertainty continue to shape digital asset sentiment.
The related asset, BTC-USD, is currently trading around $88,859.99, having shed approximately 18.9% over the past three months. Technically, Bitcoin is flashing a bearish short-term profile, with a 1-day signal rated as Strong Sell, reinforcing the logic behind renewed demand for an inverse, leveraged ETF like SBIT.
Against this backdrop, the latest flows into SBIT underscore how sophisticated traders are using derivative-style ETFs to navigate Bitcoin’s downside risk rather than exiting the ecosystem entirely. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.