Bitcoin Bears Reload: ProShares’ Inverse ETF Sees Fresh Inflows as Crypto Slumps
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The ProShares Short Bitcoin Strategy ETF, BITI, attracted fresh bearish capital on January 28, 2026, with $1,578,871 in net inflows. The move represents roughly 1.33% of the fund’s latest assets under management, which stand at $118.6 million, signaling renewed conviction among investors looking to profit from further downside in bitcoin.
The related asset, BTC-USD, is currently trading around $82,222, having shed about 19.54% over the past three months. That drawdown has not yet discouraged short sellers; instead, it appears to be emboldening them, as evidenced by the meaningful size of inflows relative to BITI’s AUM.
Technically, bitcoin’s near-term picture remains fragile. The 1-day signal on BTC-USD is flashing a bearish tone at Strong Sell, a backdrop that likely underpins flows into an inverse product such as BITI. For traders, the combination of sustained price weakness, negative short-term momentum, and rising interest in short exposure underscores a market still dominated by caution rather than dip-buying enthusiasm.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.