Short Bitcoin bets surged this week as ProShares UltraShort Bitcoin ETF SBIT absorbed $8.99 million in fresh inflows on April 02, 2026. The move lifted the fund’s assets under management to $216.93 million, with the latest flow representing just over 4.1% of total AUM and signaling renewed conviction among bearish crypto traders.
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The related asset, BTC-USD, is currently trading at $66,978.01 after a bruising three-month slide of about 29.12%. Despite intermittent rebounds, the dominant near-term tone remains negative, underscored by a one-day technical signal of Strong Sell, which appears to be emboldening leveraged inverse ETF positioning.
SBIT’s latest inflow highlights how macro uncertainty and tightening liquidity are pushing some investors toward tactical hedges rather than outright exits from the digital asset space. With Bitcoin still well off recent highs, the size of the new capital committed to this short vehicle suggests that a segment of the market is bracing for further downside or at least prolonged volatility.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.