Bitcoin Bears Blink as ProShares UltraShort Fund Sees Outflows
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ProShares’ leveraged bearish vehicle, SBIT, recorded outflows of $1.07 million on March 20, 2026, trimming assets under management to $193.65 million. The latest redemption represents roughly 0.55% of the fund’s AUM, suggesting a modest but notable pullback in investor conviction on ultra-short Bitcoin exposure.
The related asset, BTC-USD, is currently trading at $68,768.13 after a bruising three months in which it has shed about 19.86%. Despite the recent slide, the 1-day technical tone remains cautious, with a prevailing Sell signal hinting that traders still see room for near-term downside or at least heightened volatility.
Flows out of SBIT may indicate some profit-taking among bears who rode Bitcoin’s recent pullback, or a tactical reset as leverage-sensitive investors reassess risk. With Bitcoin still under pressure and technicals skewing negative, the fund’s future flows could become a barometer of whether sentiment shifts from tactical short-covering to a more durable turn in the crypto cycle.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.