Bitcoin ETF Inflows Defy Price Slump as ProShares’ BITO Attracts Fresh Capital
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ProShares Bitcoin Strategy ETF, ticker BITO, pulled in $17.47 million in new money on January 23, 2026, even as its underlying asset remains under pressure. The latest inflow represents roughly 0.70% of the fund’s $2.50 billion in assets under management (AUM), a notable vote of confidence for a vehicle tied to a market that has been trending lower over the past quarter.
The related asset, BTC-USD, is currently trading around $88,271.69, down about 20.28% over the last three months, underscoring the depth of the recent drawdown in bitcoin prices. Despite this weakness, the short-term technical picture remains cautious: the one-day signal flashes Sell, highlighting ongoing downside momentum and fragile sentiment in the spot market.
The contrast between fresh inflows into BITO and the negative price action in bitcoin suggests that some investors are treating the current pullback as an opportunity to build exposure via regulated futures-based products rather than exiting the asset class altogether. With nearly $2.5 billion still parked in the fund and new capital flowing in, ProShares’ flagship bitcoin ETF continues to act as a barometer of institutional and retail appetite for crypto risk, even as traders grapple with short-term technical headwinds.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.