Bitcoin Bears Blink as Inverse ETF SBIT Draws Fresh Cash Despite Rally
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ProShares UltraShort Bitcoin ETF, the leveraged inverse fund trading under ticker SBIT, attracted $1,315,257 in net inflows on May 01, 2026. The move lifts its assets under management to $185.54 million, with the latest flow equal to roughly 0.71% of AUM, signaling renewed demand for downside exposure even as spot prices hover near record highs.
The related asset, BTC-USD, is currently trading at $79,806.24 after gaining about 7.10% over the past three months. Its short-term momentum remains robust, with a one-day technical signal flashing Strong Buy, a backdrop that makes fresh inflows into a bearish ETF particularly noteworthy.
The contrast between bullish spot indicators and rising interest in a short vehicle underscores a split view on Bitcoin’s next leg. Some traders appear to be positioning for a sharp pullback or hedging frothy valuations, while others see the persistent uptrend as confirmation that the cycle still has room to run, leaving SBIT flows as a barometer of mounting caution.
With less than 1% of SBIT’s capital base shifting in a single session, the move is not yet a stampede but it does hint at growing demand for tactical protection as volatility expectations creep higher. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.