Bitcoin Bears Pile In: ProShares UltraShort Fund Sees Fresh Inflows as Volatility Bites
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The ProShares UltraShort Bitcoin ETF, SBIT, recorded fresh bearish positioning on December 19, 2025, with $10.8 million in new inflows. The move represents roughly 7.5% of the fund’s $144.3 million in assets under management, a sizeable single-day shift that underscores growing demand for leveraged downside exposure to Bitcoin.
The related asset, BTC-USD, is currently trading around $88,918.88, down about 23.2% over the past three months, reflecting a sharp reversal after earlier record highs. Despite Bitcoin’s longer-term bull narrative, the short-term tone remains fragile, with the 1-day technical outlook flashing a cautious Sell signal.
The combination of a steep three-month pullback and renewed inflows into a leveraged short ETF suggests that tactical traders are either hedging elevated crypto exposure or speculating on further downside. While the percentage of AUM affected by the latest flow is notable, it may also indicate that investors are using SBIT as a short-term vehicle to navigate heightened intraday swings rather than making structural bearish bets on Bitcoin’s long-term trajectory.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

