Short Bitcoin Bets Lose Steam as ProShares’ SBIT Sees Fresh Outflows
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ProShares UltraShort Bitcoin ETF, ticker SBIT, recorded outflows of $3,438,704 on April 20, 2026, trimming assets under management to $190,012,740. The latest redemption wave represents roughly 1.81% of AUM, signaling a meaningful pullback from investors who had been positioned for further downside in Bitcoin.
The related asset, BTC-USD, is currently trading at $77,493.25 after losing about 12.45% over the past three months. Yet its 1-day technical signal has flipped to a cautious positive, with analysts tagging it as a Buy, suggesting traders see near-term stabilization despite recent volatility.
The combination of renewed buying signals on spot Bitcoin and money exiting an ultra-short product hints at fading conviction in the bearish trade. While one day’s flows do not make a trend, the size of the move relative to SBIT’s asset base underscores how quickly sentiment can pivot as crypto prices attempt to base after a sharp drawdown.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.