Bitcoin Bears Blink: ProShares UltraShort ETF Sees Notable Outflows as Traders Rethink Downside Bets
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The ProShares UltraShort Bitcoin ETF, SBIT, recorded net outflows of $2.83 million on January 09, 2026, trimming its bearish exposure as investors pulled roughly 2.49% of the fund’s $113.75 million in assets under management. While the move is modest in absolute terms, the size relative to AUM suggests a meaningful shift in positioning among traders who had been betting against Bitcoin’s price.
The related asset, BTC-USD, is currently trading at $90,615.32, having fallen about 18.38% over the past three months. Despite that sizeable drawdown, the 1-day technical signal remains tilted to the downside, flashing a cautious Sell. That combination—recent price weakness alongside fresh outflows from an inverse product—may indicate that some short-side traders are locking in profits or stepping back from aggressive bearish stances.
For ETF investors, the latest flows into and out of SBIT highlight a potential inflection point: even as technicals warn of further pressure on Bitcoin, sentiment within the leveraged short camp appears to be cooling, hinting that expectations for additional sharp declines could be moderating. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.