Bearish Bitcoin Bets Build Again as ProShares Short ETF Sees Fresh Inflows
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ProShares Short Bitcoin Strategy ETF, BITI, recorded fresh inflows of $3.21 million on April 28, 2026, marking a notable vote of confidence in short-side exposure to Bitcoin. The move represents roughly 1.73% of the fund’s $185.56 million in assets under management, a sizable single-day shift for a niche inverse product.
The related asset, BTC-USD, is currently trading at $77,660.01, down about 6.25% over the past three months as volatility persists around key macro and regulatory headlines. Yet the short-term technical picture has brightened, with a 1-day signal flashing Buy, suggesting traders are positioning for potential rebounds even as hedging demand via BITI rises.
The simultaneous uptick in bearish ETF flows and improving spot indicators underscores the growing divide between longer-term skeptics and tactical dip buyers in the crypto market. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.