Bitcoin Bears Reload: ProShares’ BITI Sees Fresh Inflows as Traders Hedge Crypto Volatility
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The ProShares Short Bitcoin Strategy ETF, BITI, attracted $1,131,595 in new money on January 29, 2026, a meaningful move for a fund designed to profit from declines in the world’s largest cryptocurrency. The latest flow represents roughly 0.94% of its $120.1 million in assets under management (AUM), signaling a renewed appetite for downside protection among institutional and retail traders alike.
While the dollar amount is modest in absolute terms, the inflow is notable relative to the fund’s size and mandate. BITI, which offers inverse exposure to Bitcoin futures, tends to see activity spike when sentiment sours or volatility picks up. The near-1% AUM swing in a single day suggests that some investors are either positioning for further weakness in Bitcoin or locking in hedges after a turbulent stretch.
The related asset, BTC-USD, is currently trading at $82,988.03. Over the past three months, Bitcoin has shed about 23.79% of its value, a sharp drawdown that has cooled the euphoria seen earlier in the cycle and revived demand for short-biased strategies. The 1-day technical signal on Bitcoin now flashes a cautious stance, with indicators leaning toward a Sell.
Against this backdrop, BITI’s latest inflows can be read as both a directional bet and a risk-management tool. Some traders may be speculating on further downside as macro uncertainty and regulatory noise linger over the crypto complex, while longer-term holders of Bitcoin could be using the ETF to offset spot exposure without liquidating core positions.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.