Short Bets on Bitcoin Swell as ProShares Inverse ETF Draws Fresh Cash
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
ProShares UltraShort Bitcoin ETF, the SBIT fund, saw new money rush in on April 02, 2026, with inflows of $8,987,536 betting against the crypto bellwether. The move is notable against its latest assets under management of $216,933,280, meaning roughly 4.14% of the ETF’s capital base shifted in a single day toward fresh short exposure.
The related asset, BTC-USD, is currently trading at $66,981.61 after a bruising three months in which it has shed about 28.34% of its value. Despite intermittent relief rallies, the one-day technical signal remains a bearish Strong Sell, reinforcing demand for downside hedges and speculative short vehicles like SBIT.
The combination of substantial inflows into an ultra-short product and persistent negative signals on spot Bitcoin underscores lingering anxiety over the sustainability of its recent price floor. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.