Short Sellers Double Down: ProShares UltraShort Bitcoin ETF Sees Fresh Inflows as BTC Slumps
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The ProShares UltraShort Bitcoin ETF, SBIT, recorded a sizeable inflow of $5,275,500 on January 02, 2026, as investors sought leveraged downside exposure to Bitcoin. The move lifted the fund’s assets under management to $111,365,390, with the latest flow representing roughly 4.74% of AUM — a meaningful vote of confidence in bearish positioning rather than a marginal tweak.
The related asset, BTC-USD, is currently trading at $89,785.67, having dropped about 25.70% over the past three months. Despite the sharp drawdown, short-term technicals remain non-committal, with a 1-day signal of Hold, underscoring a market caught between profit-taking by earlier shorts and opportunistic dip-buying.
Against this backdrop, the fresh capital into SBIT suggests a cohort of traders is positioning for continued volatility or further weakness in Bitcoin rather than a near-term rebound. With such a large single-day flow relative to total assets, the ETF is emerging as a focal tool for investors looking to hedge crypto exposure or tactically express a negative view on Bitcoin’s trajectory into the new year.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.