Leveraged Bitcoin Bulls Hit the Brakes as BITX Sees Nearly $16.2M in Outflows
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The 2x Bitcoin Strategy ETF, BITX, logged a sharp reversal in investor appetite on January 16, 2026, with outflows totaling $16,222,400. The redemption wave, while under 1% of the fund’s size, is still notable, representing roughly 0.99% of its latest assets under management (AUM), which stand at $1,644,951,360.
Such a move suggests a bout of profit-taking or de-risking in a product designed to amplify Bitcoin’s daily performance. Leveraged strategies like BITX tend to attract more tactical traders, and even sub-1% shifts in AUM can signal a change in short-term conviction, especially after a period of heightened volatility in the underlying asset.
The related asset, BTC-USD, is currently trading at $92,938.01. Over the past three months, Bitcoin has retreated about 13.09%, a pullback that has cooled some of the enthusiasm that drove it toward record territory earlier in the cycle. Short-term momentum remains fragile, with the 1-day technical signal flashing Sell, underscoring the cautious tone that may be feeding into leveraged ETF flows.
For now, the latest withdrawal from BITX looks more like a tactical reset than a wholesale exit from crypto risk, but it highlights how quickly sentiment can pivot when leverage is in play and prices turn choppy. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.