Short Sellers Blink as ProShares UltraShort Bitcoin ETF Sees Heavy Outflows
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The ProShares UltraShort Bitcoin ETF, SBIT, recorded sizable outflows of $8.39 million on December 26, 2025, as investors pulled capital from the bearish Bitcoin vehicle. With assets under management at roughly $121.45 million, the latest move represents about 6.9% of the fund’s AUM, signaling a notable reduction in conviction among traders betting against the cryptocurrency.
The outflows suggest that some investors are either taking profits on successful bearish positions or stepping back from leveraged downside exposure amid shifting expectations for Bitcoin’s next leg. Given SBIT’s ultra-short structure, such flows can be read as an incremental vote of confidence that the steepest part of the recent downturn may be easing—or at least that volatility is becoming harder to time with leveraged inverse products.
The related asset, BTC-USD, is currently trading around $87,865.50, after shedding roughly 23.18% over the past three months. Despite the sharp pullback from prior highs, the 1-day technical signal stands at Hold, underscoring the market’s indecision: bears have momentum on their side in the medium term, but near-term indicators are not yet flashing a strong directional call.
Together, the sizable outflow from SBIT and the neutral short-term technical backdrop for Bitcoin point to a market in reassessment mode, as traders weigh whether the recent correction has run its course or is merely pausing before the next move. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.