Short Bitcoin Bets Edge Higher as ProShares’ SBIT Attracts Fresh Inflows
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ProShares’ ProShares UltraShort Bitcoin ETF, SBIT, recorded fresh inflows of $1,491,084 on April 10, 2026, a modest but notable 0.75% addition relative to its latest assets under management of $197.7 million. The move suggests some investors are quietly rebuilding downside hedges after a volatile stretch in the crypto market.
The related asset, BTC-USD, is currently trading at $74,523.52, having retreated roughly 22.34% over the past three months. Despite that drawdown, its 1-day technical signal stands at Hold, underscoring a market caught between profit-taking and the belief that the latest pullback may be a pause rather than a full reversal.
Flows into a leveraged short product like SBIT often function as a barometer of risk appetite, indicating either rising conviction in further downside or a desire to hedge long spot exposure. With Bitcoin still elevated on a multi-year view, the new capital into SBIT highlights how tactical traders are using inverse ETFs to navigate an increasingly two-sided market.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.