Bitcoin Bulls Blink as ProShares’ Leveraged BITU ETF Sees Over $12M Walk Out the Door
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ProShares Ultra Bitcoin ETF, ticker BITU, recorded a sharp outflow of $12.41 million on January 23, 2026, a move that shaved roughly 2.13% off its asset base in a single day. The leveraged bitcoin vehicle now manages $584.07 million in assets under management (AUM), with the latest redemption underscoring how quickly sentiment can shift when volatility returns to the crypto market.
The related asset, BTC-USD, is currently trading at $88,271.69, having dropped about 20.28% over the past three months. Its short-term outlook remains strained, with a 1-day technical signal flashing Sell. That negative bias in spot bitcoin pricing is likely fueling de-risking among traders who had used BITU to amplify upside in prior rallies, but are now cutting exposure as momentum fades.
While the latest outflow represents only a slice of BITU’s overall AUM, the speed and size of redemptions highlight how leveraged products can become pressure valves when crypto sentiment sours. If bitcoin’s price slide and bearish technicals persist, more short-term capital may exit leveraged ETFs in favor of either direct holdings or the sidelines, potentially adding to volatility in both the fund and the underlying asset.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.