Short Bitcoin ETF Sees Fresh Inflows as Traders Reset Bearish Bets
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ProShares Short Bitcoin Strategy ETF BITI recorded fresh inflows of $3.21 million on April 28, 2026, marking a notable vote of confidence from bearish or hedging investors. The move represents roughly 1.73% of its $185.56 million in assets under management, a sizable single-day shift for a niche inverse crypto product.
The related asset, BTC-USD, is currently trading at $76,073.35 after sliding 9.58% over the past three months, underscoring the choppy backdrop that often fuels demand for short exposure. Despite that recent pullback, the 1-day technical signal on Bitcoin has flipped to Buy, suggesting traders expect at least a near-term rebound even as some continue to seek downside protection.
The combination of renewed inflows into BITI and a short-term bullish signal on Bitcoin highlights a market split between opportunistic dip buyers and investors wary of further volatility. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.