Bitcoin Bulls Make a Leveraged Comeback as ProShares Ultra Bitcoin ETF Draws Fresh Inflows
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The ProShares Ultra Bitcoin ETF, BITU, attracted $17.4 million in new capital on January 20, 2026, a notable vote of confidence in leveraged bitcoin exposure despite recent price weakness. The latest flows represent about 2.43% of the fund’s assets under management, which now stand at roughly $715.9 million, underscoring how quickly investor sentiment can swing in high-octane crypto-linked products.
The related asset, BTC-USD, is currently trading around $89,911.24, down nearly 17% over the past three months as the world’s largest cryptocurrency cools from prior record highs. Short-term technical signals remain bearish, with the 1-day outlook flashing a Strong Sell, suggesting momentum traders are still cautious even as ETF investors increase their exposure.
The juxtaposition of sizeable inflows into a leveraged bitcoin ETF against a backdrop of negative three-month performance and weak near-term technicals highlights a potential shift toward dip-buying behavior. Some market participants appear willing to look through short-term volatility, using vehicles like BITU to amplify any prospective rebound, while others remain wary of further downside risk in an asset that has already given back a significant portion of recent gains.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.