Short Sellers Add Fuel to Bitcoin Rout as ProShares UltraShort ETF Draws Fresh Cash
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ProShares’ inverse Bitcoin vehicle, SBIT, attracted $3.15 million in new money on March 26, 2026, in a notable bet against the flagship cryptocurrency. The ProShares UltraShort Bitcoin ETF now oversees $203.6 million in assets, with the latest inflow equal to roughly 1.55% of its AUM, signaling a meaningful repositioning by tactical traders.
The related asset, BTC-USD, is currently trading at $67,379.72 after a bruising three months in which it dropped about 25.17%. Short-term sentiment remains fragile, with the 1-day technical stance flashing a cautious Sell, underscoring why some investors are turning to leveraged bearish products like SBIT for downside exposure.
The size of the inflow, while not transformational, suggests growing interest in hedging or profiting from further weakness rather than a broad capitulation by bulls. With Bitcoin still well above its long-term support zones despite the recent slide, the tug-of-war between dip buyers and momentum-driven shorts is likely to keep volatility elevated in the near term.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.