Bitcoin Bears Blink as ProShares UltraShort ETF Sees Heavy Outflows
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The ProShares UltraShort Bitcoin ETF, SBIT, recorded a sharp reversal in investor sentiment on December 26, 2025, as the fund saw outflows of $8.39 million. With total assets under management now standing at approximately $121.45 million, the latest redemption wave represents about 6.9% of the ETF’s AUM—an unusually large single-day move for a bearish Bitcoin vehicle.
The related asset, BTC-USD, is currently trading around $87,867.55. Despite this elevated price level, the world’s largest cryptocurrency has dropped roughly 20.6% over the past three months, a correction that would typically favor inverse products like SBIT. Yet, technical indicators remain pessimistic, with the 1-day signal flashing Strong Sell, highlighting ongoing downside pressure in the near term.
The pronounced outflows from SBIT suggest that some traders may be taking profits on earlier bearish bets or scaling back short exposure after Bitcoin’s recent slide. Others could be rotating into spot or leveraged long products, betting that the bulk of the correction is behind the market—even as short-term technicals warn of further volatility.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.