Bearish Bets on Bitcoin Swell as ProShares UltraShort ETF Sees Fresh Inflows
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The ProShares UltraShort Bitcoin ETF, SBIT, attracted $1,765,119 in new money on February 5, 2026, a notable inflow for the leveraged bearish vehicle. The move, equal to about 0.87% of its latest assets under management of $202.5 million, suggests a rising cohort of investors is positioning for further downside – or at least heightened volatility – in the world’s largest cryptocurrency.
The related asset, BTC-USD, is currently trading at $68,046.01, having shed roughly 31.4% over the past three months. Despite that steep drawdown, the short-term backdrop remains fragile, with the one-day technical signal flashing Sell. That combination – a deep recent correction and still-bearish near-term signals – helps explain why some traders are turning to an ultrashort ETF to express caution rather than exiting the market outright.
SBIT’s latest inflow, while less than 1% of its total AUM, is meaningful in the context of sentiment: leveraged bearish products tend to see growing interest when investors either hedge existing long exposure or speculate on a further leg lower. With bitcoin under pressure and technicals still skewed to the downside, flows into SBIT underline that a segment of the market is far from convinced that the selling phase has run its course.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.