Bearish bettors on Bitcoin stepped up their wagers as ProShares Short Bitcoin Strategy ETF, BITI, absorbed $5.10 million in fresh inflows on March 16, 2026. The move lifted assets under management to $148.9 million, with the latest flow equal to about 3.43% of AUM, underscoring a notable shift toward downside protection in the crypto market.
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The related asset, BTC-USD, is currently trading at $68,768.13 after sliding roughly 19.86% over the past three months. Its 1-day technical signal flashes a cautious Sell, a backdrop that helps explain growing demand for inverse exposure as traders brace for further volatility.
While Bitcoin remains far above its long-term lows, the combination of a sharp three-month decline and fresh selling signals has revived hedging strategies among sophisticated investors. BITI’s sizable single-day intake suggests some market participants are positioning for continued pressure on digital assets rather than an imminent rebound.
The influx into this short Bitcoin vehicle may also reflect macro jitters, with rates uncertainty and regulatory headlines keeping risk appetite in check. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.