Short Sellers Double Down: ProShares’ Inverse Bitcoin ETF Sees Fresh Inflows as Crypto Slips
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The ProShares Short Bitcoin Strategy ETF, BITI, attracted $1,698,920 in new capital on January 16, 2026, a notable vote of confidence in bearish Bitcoin positioning. With assets under management now at $99,766,529, the latest flow represents roughly 1.70% of the fund’s AUM—an unusually chunky single-day move for a niche inverse product.
Such inflows suggest that a cohort of investors is either hedging existing crypto exposure or speculating on further downside in Bitcoin after a choppy three-month stretch. Inverse ETFs like BITI are designed to move opposite to the underlying asset’s daily performance, making them popular tactical tools when sentiment turns cautious.
The related asset, BTC-USD, is currently trading at $95,249.92, down about 11.24% over the past three months, underscoring a cooling phase after prior all-time highs. Yet, despite the recent inflows into a short vehicle, Bitcoin’s near-term setup looks less one-sided: the 1-day technical signal is flashing a Buy, hinting at potential short-term stabilization or a rebound even as medium-term momentum remains under pressure.
The tension between sizeable inflows into BITI and a near-term bullish technical read on Bitcoin highlights a divided market, with traders split between positioning for a deeper correction and betting on a relief rally. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.