Bitcoin Bears Reload: ProShares Short ETF Sees Fresh Inflows as Price Slide Deepens
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The ProShares Short Bitcoin Strategy ETF, BITI, attracted $1,804,456 in new capital on January 23, 2026, a notable inflow that amounts to roughly 1.67% of its latest reported assets under management of $107.77 million. The fresh cash suggests a renewed appetite for hedging or outright bearish bets against bitcoin after a turbulent quarter for the flagship cryptocurrency.
The related asset, BTC-USD, is currently trading around $89,437, having shed about 21.5% over the past three months. Despite bitcoin’s already steep decline, near-term indicators remain cautious, with the 1-day technical signal flashing Sell. That combination—falling prices and still-negative momentum—appears to be inviting traders to extend or initiate downside exposure via inverse products like BITI.
The inflow into BITI, while modest in absolute terms, is meaningful relative to its size and underscores how some investors continue to view current levels as vulnerable rather than a buying opportunity. With volatility elevated and macro uncertainty lingering, demand for short strategies can serve as a barometer of skepticism toward any near-term bitcoin rebound.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.