Bitcoin Bears Blink as ProShares UltraShort ETF Sees Outflows Amid Volatility Reset
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The ProShares UltraShort Bitcoin ETF, SBIT, recorded net outflows of $3.12 million on January 7, 2026, a meaningful move for a bearish vehicle that manages $112.47 million in assets under management. The latest redemption wave equates to roughly 2.78% of SBIT’s AUM, suggesting a notable subset of investors is stepping back from leveraged downside exposure to Bitcoin after a sharp multi-month slide.
The related asset, BTC-USD, is currently trading at $90,234.03, down about 25.49% over the past three months. Despite that drawdown, the prevailing one-day technical signal sits at Hold, reflecting a market that appears to be consolidating rather than capitulating. The combination of a steep recent correction and a neutral short-term technical stance may be prompting some traders to lock in profits on short-biased products like SBIT or reduce hedges as near-term downside momentum cools.
While one day of flows does not define a longer-term trend, the retreat from SBIT underscores shifting sentiment around Bitcoin’s risk-reward balance: with a significant portion of bearish leverage coming off the table, some market participants may be positioning for a stabilization phase—or at least less aggressive downside—after a bruising quarter for the flagship cryptocurrency. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.