Leveraged Bitcoin Bulls Flinch as 2x ETF Sees Nearly $16.2M Walk Out the Door
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The 2x Bitcoin Strategy ETF, BITX, recorded a sharp outflow of $16.22 million on January 16, 2026, as leveraged crypto traders pulled back amid ongoing volatility in the digital-asset market. The withdrawal represents roughly 0.99% of the fund’s latest reported assets under management (AUM), which stand at about $1.64 billion, a meaningful single-day shift for a niche product targeting amplified Bitcoin exposure.
While less than 1% of AUM may appear modest at first glance, such a move can be significant in the context of leveraged ETFs, where flows often serve as a barometer of speculative sentiment. The latest outflow suggests a cautious tone among traders who had previously used BITX to express high-conviction bullish bets on Bitcoin’s direction.
The related asset, BTC-USD, is currently trading at $89,045.31. Over the past three months, Bitcoin has shed about 17.38% of its value, underscoring the pressure on risk appetite and the elevated volatility that can amplify both gains and losses in a 2x leveraged structure. Short-term technicals reflect that strain as well, with the one-day signal flashing a Strong Sell, a reading that likely contributed to investors dialing back exposure in BITX.
The combination of declining spot prices, bearish technicals, and leveraged risk appears to be driving a more defensive stance among traders, even as long-term narratives around institutional adoption and digital-store-of-value themes remain in play. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.