Short Bitcoin Bears Blink as $1.25 Million Exits ProShares’ Inverse ETF
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ProShares UltraShort Bitcoin ETF, the leveraged bearish vehicle trading under SBIT, saw outflows of $1,251,702 on February 23, 2026, trimming its assets under management to $169.1 million. The latest redemption wave represents roughly 0.74% of AUM, a notable move for a fund designed to profit from declines in Bitcoin.
The related asset, BTC-USD, is currently trading around $65,546 after sliding 25.66% over the past three months. Despite this sustained weakness, the coin still flashes a bearish near-term signal, with its 1-day technical outlook rated as Strong Sell.
The outflows from SBIT suggest some short-side investors may be taking profits or reducing risk after Bitcoin’s sharp pullback. With sentiment indicators still skewed negatively, the retreat in bearish ETF positions could signal that traders see limited incremental downside in the near term.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.