Bitcoin Bulls Blink as ProShares Ultra Bitcoin ETF Sees Sharp Outflow
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ProShares Ultra Bitcoin ETF’s BITU recorded a sizable setback on January 23, 2026, with investors pulling $12.41 million from the leveraged fund. The outflow represents roughly 2.1% of its latest assets under management, which now stand at $584.07 million, signaling a notable bout of profit-taking or risk reduction among traders who had used the vehicle to amplify exposure to Bitcoin’s price swings.
The related asset, BTC-USD, is currently trading at $87,786.01, having shed about 22.1% over the past three months. That retreat follows a period of intense volatility and comes alongside a short-term bearish backdrop, with the 1-day technical signal flashing Sell. The combination of declining prices and negative technicals helps explain why some leveraged ETF holders may be stepping to the sidelines, as amplified downside moves can quickly erode capital.
Still, with more than half a billion dollars parked in BITU, the fund remains a key tool for tactical traders seeking magnified exposure to Bitcoin’s next major move—whether that’s a further slide or a sharp rebound. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.