Leveraged Bitcoin Bulls Hit the Brakes as BITX Sees Nearly 1% of Assets Walk Out
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The 2x Bitcoin Strategy ETF, BITX, saw notable outflows on January 16, 2026, with investors pulling $16.22 million from the leveraged product. The redemption represents roughly 0.99% of the fund’s latest reported assets under management (AUM) of $1.64 billion, a meaningful move for a vehicle designed to amplify Bitcoin’s price swings.
The outflow suggests a bout of profit-taking or risk reduction among traders who had used BITX to gain magnified exposure to Bitcoin’s rally and subsequent volatility. While the percentage of AUM affected is still under 1%, the dollar size underscores how sensitive leveraged products can be to fast-changing sentiment in the underlying crypto market.
The related asset, BTC-USD, is currently trading around $95,249.92. Despite its elevated price level, Bitcoin has slipped 11.24% over the past three months, reflecting a choppy consolidation phase after earlier gains. Intraday, however, the tone looks more constructive, with a 1-day technical signal flashing Buy, hinting that short-term momentum traders may see scope for a rebound even as some leveraged ETF holders lock in gains or pare exposure.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.