Short-Side Bitcoin Bet Swells as ProShares UltraShort ETF Sees Big Inflows
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The ProShares UltraShort Bitcoin ETF, SBIT, recorded a sizeable capital injection on January 23, 2026, highlighting renewed investor interest in leveraged bearish exposure to crypto. The fund drew $11,092,005 in net inflows on the day, lifting its assets under management to $133,183,758. The latest move represents roughly 8.33% of SBIT’s total AUM, a notable single-day shift that suggests traders are actively positioning for further downside—or at least heightened volatility—in Bitcoin.
The related asset, BTC-USD, is currently trading around $87,605.50, down about 22.5% over the past three months, underscoring the persistent pressure on the world’s largest cryptocurrency after its recent peaks. Despite occasional intraday rebounds, the short-term picture remains fragile, with a 1-day technical signal of Sell, reinforcing the cautious tone reflected in the surge of assets into a bearish ETF like SBIT.
Viewed together, the sizeable inflow into SBIT and the negative medium-term performance of Bitcoin signal that a growing segment of the market is either hedging long exposure or speculating on continued weakness. Whether this proves a contrarian indicator or a prelude to deeper declines will depend on upcoming macro data, regulatory headlines, and risk appetite across broader asset markets.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.