Leverage Shaken: ProShares Ultra Bitcoin ETF Sees Notable Outflow as Traders Pare Risk
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The ProShares Ultra Bitcoin ETF, BITU, recorded sizeable redemptions on January 23, 2026, with investors pulling out $12.41 million in a single session. The outflow represents roughly 2.13% of the fund’s latest reported assets under management (AUM), which stand at $584.07 million, signaling a meaningful shift in sentiment toward leveraged bitcoin exposure rather than a marginal rebalancing move.
The related asset, BTC-USD, is currently trading around $87,605.50, having shed approximately 22.5% over the past three months. Short-term momentum remains fragile, underscored by a 1-day technical signal of Sell, a backdrop that helps explain why investors may be dialing back positions in a product designed to amplify bitcoin’s daily moves.
The combination of a sharp three-month decline in bitcoin and a negative near-term technical profile appears to be pushing more tactical traders to de-risk from leveraged vehicles like BITU, at least temporarily. While AUM levels remain substantial, the latest flow suggests that even seasoned crypto ETF users are growing more cautious about adding leverage into a market still digesting recent volatility and testing support levels.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.