Short Bitcoin Bets Lose Steam as ProShares’ BITI Sees Notable Outflows
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The ProShares Short Bitcoin Strategy ETF, BITI, saw investors pull $1,558,515 from the fund on January 8, 2026, marking a meaningful retreat from bearish Bitcoin positioning. With assets under management at $100,556,698, the latest redemption represents roughly 1.55% of BITI’s AUM, suggesting a measured but visible shift in sentiment away from leveraged downside exposure to the cryptocurrency.
BITI is designed to deliver the inverse daily performance of Bitcoin futures, so outflows can often signal either profit-taking after a downtrend or a growing willingness among traders to reduce hedges against further declines. The move comes as volatility in digital assets remains elevated and macro risk factors—from interest-rate expectations to regulatory headlines—continue to shape crypto positioning.
The related asset, BTC-USD, is currently trading at $97,018.01, after sliding approximately 13.45% over the past three months. Despite that pullback, the short-term tactical picture appears less decisive: the 1-day technical signal stands at Hold, pointing to a market that is consolidating rather than clearly trending in either direction.
For investors, the combination of BITI outflows and a neutral technical read on Bitcoin underscores a cooling in outright bearish conviction, even as prices remain well below recent peaks. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.