Leverage Lovers Double Down: ProShares Ultra Bitcoin ETF Sees Fresh Inflows Despite Crypto Slump
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The ProShares Ultra Bitcoin ETF, BITU, attracted $9.07 million in new capital on January 21, 2026, even as its underlying asset continues to struggle. The latest inflow represents roughly 1.43% of the fund’s $633.84 million in assets under management (AUM), signaling that investors remain willing to embrace leveraged exposure to bitcoin’s volatility rather than retreat from the trade.
The related asset, BTC-USD, is currently trading at $88,859.99, down about 18.9% over the past three months. Short-term momentum looks grim as well, with the 1-day technical signal flashing a bearish Strong Sell. That divergence—fresh cash into a leveraged bullish ETF amid negative price and technical trends—suggests a cohort of traders is positioning either for a sharp rebound or using the product tactically for short-term trading rather than long-term holding.
The scale of the latest flow, while modest relative to the ETF’s overall size, is notable given the broader risk-off tone in crypto markets. It may indicate growing conviction that bitcoin is approaching a capitulation phase, where volatility could spike and leveraged instruments like BITU become especially attractive for speculators. Alternatively, the inflow could reflect hedging strategies or systematic trading that treat the recent drawdown as an opportunity rather than a warning sign.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.