Short Bitcoin Bears Blink as ProShares’ SBIT Sees Fresh Outflows
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ProShares’ inverse crypto product, the SBIT UltraShort Bitcoin ETF, recorded outflows of $1,069,310 on March 20, 2026, trimming assets under management to $193.65 million. The latest redemption represents about 0.55% of AUM, a modest but notable pullback that suggests some bearish traders are lightening exposure after Bitcoin’s recent slide.
The related asset, BTC-USD, is currently trading at $68,307.19, down about 20.6% over the past three months as crypto volatility resurfaces following last year’s rally. Despite that drawdown, the coin’s 1-day technical signal flashes Sell, indicating that chart-based metrics still favor caution even as some short-leaning ETF investors take chips off the table.
The combination of shrinking assets in the short Bitcoin vehicle and weak near-term technicals on the underlying hints at a market in search of direction rather than a clean reversal. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.