Bitcoin Bears Blink as ProShares’ Short ETF Sees $1.56 Million Rush for the Exits
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The ProShares Short Bitcoin Strategy ETF, BITI, recorded outflows of $1,558,515 on January 08, 2026, trimming its assets under management to $101.2 million. The latest redemption, equivalent to about 1.54% of the fund’s AUM, marks a notable vote of waning conviction among traders betting against bitcoin’s price.
The move comes as the related asset, BTC-USD, trades around $90,520.02. Despite a sharp 3‑month pullback of roughly 21.1%, the coin is flashing a short-term bullish tone, with a 1‑day technical signal of Buy. That combination—recent weakness but improving near-term momentum—may be prompting short sellers to lock in gains and reduce exposure via BITI.
For context, a single-day outflow representing more than 1.5% of AUM is meaningful for a niche, directional product like BITI, which is often used as a tactical hedge or a short-term speculative vehicle rather than a long-horizon holding. Investors pulling capital from the fund can signal reduced demand for downside protection or a tactical shift toward a more neutral or even bullish stance on bitcoin.
Still, with BTC-USD having surrendered more than a fifth of its value over three months, the recent improvement in technicals could prove fragile if macro conditions or regulatory headlines turn adverse again. For now, however, ETF flows suggest that some of the most aggressive bearish positioning in listed products is being unwound as bitcoin attempts to stabilize above the $90,000 mark.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.