Bitcoin Bears Blink as Inverse ETF SBIT Sees 5% of Assets Walk Out the Door
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The ProShares UltraShort Bitcoin ETF, SBIT, recorded notable outflows on January 30, 2026, with $6,901,650 in capital exiting the fund. The move represents roughly 5.0% of its latest reported assets under management, which stand at $136.7 million, signaling a meaningful shift in positioning among traders who had been betting against Bitcoin’s price.
As a leveraged inverse product designed to profit from declines in Bitcoin, SBIT’s outflows suggest that a segment of the market is dialing back its bearish exposure. While a single day’s activity doesn’t define a trend, such a sizable redemption relative to AUM often reflects either profit-taking after a period of downside in the underlying asset or a reassessment of near-term risk as volatility recalibrates.
The related asset, BTC-USD, is currently trading at $78,975.06, having fallen about 23.7% over the past three months. Despite that sizable drawdown, short-term indicators remain pessimistic, with a 1-day technical signal of Sell. The combination of a weak technical profile and outflows from a bearish ETF hints at a more nuanced market backdrop, where some investors appear reluctant to press fresh downside bets even as momentum screens negative.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.