Short-Side Bitcoin ETF Sees Outflow as Traders Reassess Downturn
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ProShares UltraShort Bitcoin ETF, ticker SBIT, recorded an outflow of $2,683,485 on March 23, 2026, trimming roughly 1.40% of its $191.7 million in assets under management. The move suggests some investors are dialing back bearish bets after a volatile stretch in the underlying cryptocurrency.
The related asset, BTC-USD, is currently trading at $71,373.84, down about 20.33% over the past three months. Yet the 1-day technical signal stands at Hold, underscoring a market caught between profit-taking after earlier highs and caution over deeper downside.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.