Bitcoin Bears Reload: ProShares’ Inverse ETF Sees Fresh Inflows as Crypto Retreat Deepens
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The ProShares Short Bitcoin Strategy ETF, BITI, attracted $1,698,920 in new capital on January 16, 2026, a notable vote of confidence in bearish Bitcoin positioning. The latest inflow amounts to roughly 1.61% of the fund’s $105.7 million in assets under management (AUM), signaling that a meaningful cohort of investors is once again paying up for downside protection—or outright speculation—against the world’s largest cryptocurrency.
As a short Bitcoin vehicle, BITI’s fortunes move inversely to the underlying asset. The related asset, BTC-USD, is currently trading at $88,859.99, down about 18.9% over the past three months, a pullback that has shaken some of the froth out of the market after a prolonged rally. Despite that correction, technical gauges remain pessimistic, with the 1-day signal flashing Strong Sell, underscoring near-term downside pressure in Bitcoin’s spot price.
The timing and size of the latest inflow suggest that traders are either doubling down on the bearish momentum or hedging long Bitcoin exposure in anticipation of further volatility. A single-day flow of over 1.6% of AUM is significant for a niche inverse product, hinting at a renewed appetite for defensive positioning. If Bitcoin’s drawdown deepens, BITI could continue to attract interest as a tactical tool for those looking to offset crypto risk without directly shorting the asset.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.