Bearish bets on Bitcoin are inching higher again as ProShares Short Bitcoin Strategy ETF, BITI, logged fresh inflows of $1,799,416 on May 21, 2026. The move lifts the fund’s assets under management to $174,982,078, with the latest flow representing just over 1% of AUM and signaling a cautious but noticeable uptick in demand for downside exposure.
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The related asset, BTC-USD, is currently trading at $76,853.69 after rising 21.62% over the past three months. Despite that strong advance, its 1-day technical signal sits at Hold, underscoring a market torn between momentum-driven optimism and fears that Bitcoin’s latest leg higher may be due for a pullback.
BITI’s inflow suggests some investors are using the recent rally to hedge or tactically fade Bitcoin’s surge, rather than capitulating to the bullish narrative. While a 1% swing in AUM is modest in isolation, persistent flows of this size into inverse products can hint at growing skepticism that the world’s largest cryptocurrency can sustain its current trajectory.
The balance between BITI’s renewed interest and Bitcoin’s upward trend will be closely watched as traders reassess risk in a highly volatile digital asset landscape. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.