Short Bitcoin Bets Lose Steam as ProShares’ BITI Sees Notable Outflow
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ProShares Short Bitcoin Strategy ETF, ticker BITI, recorded net outflows of $1,558,515 on January 08, 2026, trimming bearish exposure just as Bitcoin stabilizes after a rocky quarter. The move represents roughly 1.54% of the fund’s latest assets under management, which stand at $101.18 million, signaling a meaningful retreat by investors who had been positioned for further downside in the world’s largest cryptocurrency.
The outflow suggests some traders are either taking profits on successful short positions or losing conviction that Bitcoin’s recent weakness will extend. While BITI is designed to deliver inverse daily performance to Bitcoin futures, the reduction in capital signals waning demand for downside protection or speculative bearish bets in the near term.
The related asset, BTC-USD, is currently trading at $92,145.13. Despite a sharp three-month slide of about -19.81%, short-term sentiment has begun to shift: the 1-day technical signal on Bitcoin now flashes a Buy. That juxtaposition—steep medium-term losses alongside a bullish near-term technical read—helps explain why some investors may be unwinding short exposure, anticipating at least a tactical rebound.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.