Leveraged Bitcoin Bulls Hit the Exit: BTCL Logs Outflows Bigger Than Its Entire AUM

Leveraged Bitcoin ETF Sees Massive Outflow as Volatility Trade Reverses

The T-Rex 2X Long Bitcoin Daily Target ETF, BTCL, experienced a dramatic reversal in sentiment on December 18, 2025, with investors pulling approximately $54.6 million from the fund. The single-day outflow eclipses the ETF’s latest reported assets under management of about $39.9 million, amounting to roughly 136.9% of AUM and signaling aggressive position unwinding in the highly leveraged product.

Such an outsized redemption relative to assets suggests that traders who had used BTCL to amplify their bullish exposure to Bitcoin are rapidly de-risking, either locking in profits after a powerful rally or stepping back amid concerns that volatility could cut both ways. For a 2x daily leveraged vehicle, these flows often track short-term speculative sentiment more than long-horizon conviction, and the latest move hints that leverage-fueled enthusiasm may be cooling for now.

The related asset, BTC-USD, is currently trading around $86,757.19. While the three-month percentage change was not specified, the elevated price alone underscores how far Bitcoin has climbed in recent cycles, making leveraged bets increasingly sensitive to any pullback. On a short-term basis, the coin’s 1-day technical signal stands at Your response should be a json object with the following structure: {Summary: text, Title: text, Error: error message or null}, highlighting that near-term technical sentiment is being closely watched by traders navigating this abrupt shift in ETF flows.

As leveraged products like BTCL magnify both gains and losses, the latest outflows underscore how quickly speculative capital can move when market direction or risk appetite comes into question. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.