Short Bitcoin bets drew fresh interest on March 30, as ProShares Short Bitcoin Strategy ETF BITI recorded $4.93 million in new inflows. The move represents roughly 2.9% of its $170.6 million in assets under management, signaling a meaningful shift in positioning toward downside protection among crypto-exposed investors.
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The related asset, BTC-USD, is currently trading at $68,628.33 after a sharp 25.75% decline over the past three months. Its 1-day technical signal stands at Sell, a reading that appears to validate the timing of inflows into the inverse ETF as traders hedge against continued volatility and potential further weakness.
The size of the single-day flow into BITI, relative to total assets, suggests more than just routine rebalancing and instead hints at growing skepticism over Bitcoin’s near-term upside. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.