Leveraged Bitcoin Bets Swell as BITX Pulls in $34M Despite Price Slump
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The 2x Bitcoin Strategy ETF, BITX, attracted a fresh $34,243,200 in inflows on January 21, 2026, even as its underlying asset continues to trade under pressure. The latest flow represents roughly 2.32% of the fund’s assets under management, which now stand at $1,477,879,440, underscoring robust investor appetite for leveraged exposure to Bitcoin’s volatility.
The related asset, BTC-USD, is currently trading at $88,859.99, having shed about 18.9% over the past three months. Despite that sizeable pullback, the short-term technical picture remains negative, with a 1-day signal flashing Strong Sell—a reminder that recent inflows into BITX may be driven more by speculative positioning and dip-buying strategies than by a confirmed turnaround in momentum.
The combination of declining spot prices and rising flows into a 2x leveraged product suggests traders are leaning into Bitcoin’s downside volatility, either seeking to time a rebound or amplify short-term moves. With more than 2% of BITX’s AUM shifting in a single day, positioning in the ETF could magnify near-term swings for investors who are betting that the current drawdown in Bitcoin will ultimately prove temporary.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.