Short Bitcoin Bears Blinking? ProShares’ Leveraged ETF Sees Fresh Outflows
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ProShares UltraShort Bitcoin ETF SBIT logged outflows of $955,564 on March 18, 2026, as investors trimmed exposure to the bearish vehicle. The redemption represents roughly 0.54% of the fund’s $175.9 million in assets under management, a meaningful single-day shift for a niche, leveraged product.
The related asset, BTC-USD, is currently trading at $70,575.12 after falling about 19.79% over the past three months. Despite that pullback, the one-day technical signal flashes Sell, suggesting momentum remains fragile even as some traders unwind short-leveraged bets via SBIT.
The flows hint that a portion of the market may be locking in gains from Bitcoin’s recent weakness or reducing risk ahead of potential volatility catalysts. Yet with SBIT still commanding a sizable asset base, bearish positioning in Bitcoin remains far from capitulation, underscoring ongoing division over the next leg in the cryptocurrency’s cycle.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.