Short Bitcoin Bears Blink as ProShares UltraShort Sees Outflows Amid Price Slump
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The ProShares UltraShort Bitcoin ETF, SBIT, logged net outflows of $2,053,305 on January 12, 2026, as investors pulled capital from the leveraged inverse vehicle despite recent weakness in the underlying crypto asset. With assets under management standing at $113,422,104, the latest redemption wave represents roughly 1.81% of the fund’s AUM, signaling a meaningful but not destabilizing vote of reduced conviction in aggressive short Bitcoin exposure.
The related asset, BTC-USD, is currently trading around $95,066, having retreated about 15.38% over the past three months. Despite that drawdown, the near-term picture has brightened: the 1-day technical signal has flipped to Buy, suggesting that momentum indicators and short-term trend models are pointing to a potential rebound, or at least a pause in the recent selling.
The combination of renewed short-term bullish signals in Bitcoin and notable outflows from an ultra-short ETF suggests some traders may be stepping back from high-octane bearish bets, possibly locking in profits after the recent decline or repositioning for a bounce. At the same time, the modest scale of the withdrawals relative to SBIT’s total AUM indicates that a core cohort of investors remains committed to using the fund as a tactical hedge against further downside in the world’s largest cryptocurrency.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.