Bearish Bitcoin Bets Swell as ProShares UltraShort Draws Fresh Inflows
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The ProShares UltraShort Bitcoin ETF, SBIT, saw a sizable wave of new money on January 14, 2026, with $8.2 million in fresh inflows. The move lifted assets under management to about $108.7 million, meaning roughly 7.5% of the fund’s capital base turned over in a single session—an unusually large shift that underscores renewed appetite for leveraged downside exposure to Bitcoin.
Such a pronounced daily flow into a bearish, leveraged vehicle hints that a cohort of investors is positioning either for further volatility or a potential pullback in the world’s largest cryptocurrency. Given SBIT’s mandate to profit from declines in Bitcoin prices via a leveraged short strategy, the inflows may reflect growing caution after a choppy quarter for the underlying asset.
The related asset, BTC-USD, is currently trading around $95,188.23. Over the past three months, Bitcoin has shed about 11%, a retreat that follows its earlier surge to record territory. Despite that medium-term slide, the near-term tone has brightened: the 1-day technical signal for Bitcoin stands at Buy, suggesting momentum traders see scope for a short-term rebound even as some ETF investors hedge or speculate on further downside via SBIT.
The tension between short ETF inflows and improving short-term technicals on Bitcoin highlights a divided market, with hedgers and tactical bears lining up against dip buyers and trend-followers. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.