Leveraged Bitcoin ETF Hit by Wave of Redemptions as Volatility Bites
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The T-Rex 2X Long Bitcoin Daily Target ETF, ticker BTCL, has just logged a massive outflow of $54.6 million on December 18, 2025, a sum that astonishingly exceeds its current asset base. With assets under management now at $36.7 million, the latest move represents roughly 149% of BTCL’s AUM, highlighting an intense rush for the exits in one of the market’s more aggressive Bitcoin-leveraged products.
Such an outsized flow relative to fund size signals more than routine repositioning. It suggests that traders who had piled into leveraged Bitcoin exposure are now rapidly unwinding positions, either locking in gains from prior rallies or cutting losses amid rising uncertainty. For a product designed to amplify daily moves, that kind of exodus can both reflect and exacerbate short-term sentiment swings in the underlying crypto market.
The related asset, BTC-USD, is currently trading at $88,186.71, down about 23.8% over the past three months. Technically, the short-term picture remains fragile, with a 1-day signal flashing Sell. That combination of medium-term price erosion and bearish near-term signals helps explain why leveraged long vehicles like BTCL are seeing such dramatic outflows: investors appear increasingly reluctant to maintain amplified exposure to a choppy, correcting market.
While a single day’s flow does not determine the fate of a fund, the scale of withdrawals from BTCL underscores how quickly sentiment can flip in leveraged crypto products. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.