Short Sellers Double Down: ProShares UltraShort Bitcoin ETF Draws Fresh Cash as BTC Slides
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The ProShares UltraShort Bitcoin ETF, SBIT, attracted $5.28 million in new inflows on January 2, 2026, a notable boost for a fund designed to profit from declines in the world’s largest cryptocurrency. With assets under management now standing at $130.21 million, the latest flow represents roughly 4.05% of SBIT’s total AUM, signaling a meaningful uptick in demand for bearish Bitcoin exposure.
The move comes as traders reassess the trajectory of the flagship token after a sharp pullback. The related asset, BTC-USD, is currently trading at $92,677.01 and has shed about 26.36% over the past three months, underscoring the volatility that is drawing in tactical short-side positioning. Despite that drawdown, the 1-day technical signal on Bitcoin screens as a cautious Hold, suggesting neither a clear bullish nor bearish edge in the very near term.
For SBIT investors, the sizable inflow hints at growing conviction that recent weakness in Bitcoin could either persist or at least deliver enough short-term swings to make leveraged inverse strategies attractive. At the same time, the neutral technical backdrop on spot BTC highlights the risk that a sharp reversal could quickly test the resolve of these newly added bearish bets.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.