Short Bitcoin Bears Ease Off the Brake as SBIT Sees Near-1% Outflow
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ProShares’ ProShares UltraShort Bitcoin ETF, SBIT, recorded outflows of $1,188,074 on February 09, 2026, trimming its bearish exposure to the cryptocurrency market. With assets under management now at $127.24 million, the latest redemption represents roughly 0.93% of the fund’s capital base, hinting at a modest pullback in ultra-short positioning.
The related asset, BTC-USD, is currently trading at $66,745.52, even after a steep 32.80% slide over the past three months that has emboldened short-focused strategies. However, the 1-day technical outlook still flashes a cautious tone, with the signal sitting at Sell, suggesting near-term downside risks remain in play despite waning demand for leveraged bearish ETFs.
The juxtaposition of continued technical weakness in Bitcoin with fund outflows from SBIT may indicate that some traders are locking in gains or reducing leverage rather than calling a bottom. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.