Short-Side Bitcoin Bets Swell as ProShares UltraShort Fund Draws Fresh Capital
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The ProShares UltraShort Bitcoin ETF, SBIT, attracted $5,275,500 in new inflows on January 2, 2026, a meaningful move that represents roughly 4.05% of its latest reported assets under management of $130.2 million. The leveraged inverse fund, designed to profit from declines in Bitcoin prices, is seeing renewed interest as traders reassess the durability of the cryptocurrency’s recent slide.
The related asset, BTC-USD, is currently trading at $93,425.34, having dropped about 25.29% over the past three months. Despite that steep pullback, the 1-day technical signal remains a cautious Hold, suggesting that near-term momentum is not yet decisively bearish or bullish.
The sizable inflow into SBIT, relative to its overall size, signals that a segment of the market is positioning either for further downside in Bitcoin or seeking a hedge after a volatile quarter. With a quarter of Bitcoin’s value erased in three months, some investors may view the current level as a consolidation zone, while others see room for additional weakness and are deploying capital into inverse products to express that view or protect existing long exposure.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.