Leverage Loses Its Shine: ProShares Ultra Bitcoin ETF Sees Notable Outflow Amid Crypto Retreat
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The ProShares Ultra Bitcoin ETF, BITU, recorded outflows of $6.74 million on January 28, 2026, as leveraged bitcoin exposure fell out of favor during a choppy start to the year. The redemption represents roughly 1.18% of the fund’s latest reported assets under management of $573.0 million, a meaningful but not yet destabilizing pullback from investors who had previously embraced high-octane crypto bets.
The related asset, BTC-USD, is currently trading around $82,222, having slid about 19.5% over the past three months. The short-term backdrop looks equally fragile, with the 1-day technical signal flashing Strong Sell, underscoring waning momentum and growing caution around further downside risk.
For BITU, which amplifies moves in bitcoin rather than tracking them one-for-one, this combination of a sharp three-month drawdown and bearish technicals appears to be prompting risk reduction from traders who had piled in during prior rallies. While the outflow is still modest relative to overall AUM, it may signal a broader shift away from leveraged crypto exposure as markets recalibrate expectations for digital assets in a more volatile macro environment.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.