Bitcoin Bears Blink as Short ETF Sees Outflows Despite Slump
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ProShares UltraShort Bitcoin ETF, SBIT, recorded outflows of $1,251,702 on February 23, 2026, trimming its assets under management to $169.1 million. The move represents roughly 0.74% of AUM, hinting that some traders are locking in gains or stepping back from leveraged downside exposure.
The related asset, BTC-USD, is currently trading at $63,187.92 after a bruising three-month slide of about 24.27%. Technically, the coin flashes a near-term warning, with a 1-day signal of Strong Sell underscoring continued pressure on spot prices.
Flows exiting a bearish, leveraged product like SBIT as Bitcoin struggles may suggest waning conviction in further sharp downside or a tactical reset in positioning. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.