Short Bitcoin Bears Ease Off the Brake as SBIT Sees Fresh Outflows
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
The ProShares UltraShort Bitcoin ETF, SBIT, recorded outflows of $1,269,132 on April 24, 2026, trimming assets under management to $175.2 million. The latest move represents roughly 0.72% of AUM, a modest but notable vote of reduced conviction from traders seeking leveraged downside exposure to Bitcoin.
The related asset, BTC-USD, is currently trading at $77,753.12 after falling about 11.1% over the past three months. Yet its one-day technical signal has flipped to Buy, suggesting that near-term momentum may be turning even as the broader trend remains fragile.
Outflows from SBIT follow a period of heightened volatility in Bitcoin, where sharp intraday swings have challenged leveraged bearish strategies. While a 0.72% redemption is not enough to shift the fund’s structural positioning, it hints that some short-side traders are locking in gains or reducing risk as technical indicators hint at a potential rebound.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.