Short Bets on Bitcoin Swell as ProShares’ Inverse ETF Sees Fresh Inflows
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The ProShares Short Bitcoin Strategy ETF (BITI) drew renewed investor interest on January 16, 2026, with $1,698,920 in net inflows, signaling a fresh round of bearish positioning against the world’s largest cryptocurrency. The move represents roughly 1.7% of the fund’s latest reported assets under management, which stand at $99,766,529, a meaningful one-day swing for an ETF designed to profit when Bitcoin prices fall.
The related asset, BTC-USD, is currently trading at $90,933.51. Over the past three months, Bitcoin has slipped about 16.24%, a decline that helps explain the rising appeal of a short-exposure product like BITI. Despite Bitcoin’s longer-term bull narrative, shorter-term momentum has turned negative, with the 1-day technical signal flashing Sell, underscoring near-term downside pressure.
The latest inflows into BITI suggest that some traders are either hedging sizeable spot Bitcoin holdings or speculating that the recent downturn has further to run. With a significant chunk of new capital entering in a single session, the ETF’s flow data underscore persistent skepticism in parts of the market, even as long-term crypto bulls point to structural adoption themes and institutional interest as supportive factors.
For now, the tug-of-war between Bitcoin optimists and short-sellers is playing out not just on the underlying spot price, but through instruments like BITI that offer a convenient, regulated way to express a bearish view. If volatility intensifies, flows into short strategies could become an even more closely watched barometer of sentiment across the broader digital asset landscape.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.