Short Bitcoin Bets Lose Steam as ProShares’ SBIT Sees Outflow
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ProShares’ ProShares UltraShort Bitcoin ETF, SBIT, logged net outflows of $1,251,702 on February 23, 2026, trimming exposure in a vehicle designed to profit from declines in the world’s largest cryptocurrency. With assets under management now at $185.54 million, the latest move represents roughly 0.67% of the fund’s capital base.
The related asset, BTC-USD, is currently trading at $67,380.84 after a bruising three-month stretch in which it shed about 25.22% of its value. Yet the near-term tone looks more balanced, with the 1-day technical signal flashing a cautious Hold.
The modest but notable outflow hints that some traders are taking profits or scaling back conviction in leveraged bearish positions after Bitcoin’s sharp slide. If selling pressure in the underlying asset stabilizes, demand for ultra-short exposure like SBIT may continue to soften as investors reassess risk and seek less aggressive downside hedges.
Still, the fund’s sizable remaining AUM underscores persistent interest in tactical tools that amplify moves in the crypto market, particularly among short-term traders and hedgers navigating heightened volatility. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.