Short-Side Shakeout: Investors Yank Cash From ProShares UltraShort Bitcoin ETF as Bears Blink
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The ProShares UltraShort Bitcoin ETF, SBIT, saw a sharp outflow of $8.77 million on January 16, 2026, a move that stripped roughly 8.30% from its total assets under management. The fund now oversees about $105.7 million, with the latest redemption wave signaling a notable loss of conviction among traders who had been betting against Bitcoin’s price.
The scale of the outflows is significant for a leveraged inverse product. Such a sizable withdrawal in a single day suggests that a segment of the market may be locking in profits from earlier downside moves in Bitcoin—or capitulating on the short thesis amid shifting technical conditions. It also highlights how quickly positioning can turn in leveraged crypto-linked ETFs, where sentiment often swings more violently than in traditional equity funds.
The related asset, BTC-USD, is currently trading at $95,249.92. Despite a 3-month decline of about 11.24%, the coin’s short-term setup has brightened: its 1-day technical signal points to a Buy. That emerging bullish tone helps explain why some traders may be retreating from SBIT’s bearish exposure, as improving momentum can quickly erode the value of ultra-short strategies.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.