Short Bitcoin Bets Lose Steam as ProShares UltraShort Bitcoin ETF SBIT Sees Outflows
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ProShares UltraShort Bitcoin ETF SBIT recorded outflows of $955,564 on March 18, 2026, trimming bearish exposure in the leveraged inverse product. With assets under management at roughly $175.9 million, the latest redemption represents about 0.54% of AUM, a modest but notable pullback in demand for short Bitcoin positioning.
The related asset, BTC-USD, is currently trading near $70,497.23, down about 19.2% over the past three months as volatility continues to dominate the crypto complex. Despite the recent drawdown, the coin’s 1-day technical stance remains a cautious Hold, signaling indecision rather than a clear capitulation or rebound.
The outflows from SBIT suggest some traders may be locking in gains from the recent downturn or reducing leverage as price action stabilizes. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.