Bitcoin Bears Reload: Fresh Money Pours Into ProShares UltraShort Bitcoin ETF as Crypto Slump Deepens
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The ProShares UltraShort Bitcoin ETF, SBIT, saw a fresh wave of bearish positioning on December 30, 2025, as investors added $1,772,912 in new capital to the fund. With assets under management now at $123.9 million, the latest inflow represents about 1.43% of the ETF’s total AUM—a meaningful vote of confidence in leveraged downside exposure to Bitcoin at a time of heightened volatility.
The related asset, BTC-USD, is currently trading at $89,390.02, having shed roughly 27.25% over the past three months as speculative excess has bled out of the crypto market. Despite that steep drawdown, the short-term backdrop has turned more constructive, with a 1-day technical signal flashing Buy, suggesting that tactical traders see scope for a rebound—or at least a pause—in the selling pressure.
The juxtaposition of fresh inflows into an ultra-short Bitcoin ETF and a near-term buy signal on the underlying asset underscores how divided sentiment has become. Longer-horizon or hedging-focused investors appear to be bracing for further downside or sustained turbulence in Bitcoin, while short-term technicians are positioning for a bounce from oversold levels. If Bitcoin extends its decline, SBIT’s leveraged inverse structure could attract even more assets; if the crypto recovers sharply, some of this newly added capital may prove to be late-cycle bearish money.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

