Bitcoin Bears Edge In as ProShares’ SBIT Sees Fresh Inflows
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ProShares UltraShort Bitcoin ETF, SBIT, registered $3.15 million of net inflows on March 26, 2026, a notable move for a bearish Bitcoin vehicle. With assets under management now at about $218.6 million, the latest flow represents roughly 1.44% of the fund’s size, signaling a meaningful uptick in demand for downside exposure.
The related asset, BTC-USD, is currently trading at $68,628.33 after shedding roughly 25.75% over the past three months. The 1-day technical signal for Bitcoin is flashing Sell, a backdrop that likely emboldened traders to add to short-leveraged positions via SBIT as they position for continued volatility.
The combination of renewed inflows into SBIT and a weakening short-term technical picture for Bitcoin underscores growing caution around the sustainability of the recent price levels. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.