Short Bitcoin Bets See Fresh Inflows as ProShares’ BITI Takes in Nearly $1 Million
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ProShares Short Bitcoin Strategy ETF, BITI, attracted fresh bearish interest on April 24, 2026, with $905,412 in new inflows. The move represents roughly 0.50% of the fund’s $179.9 million in assets under management, a meaningful one-day shift for a vehicle designed to profit when Bitcoin prices fall.
The related asset, BTC-USD, is currently trading at $77,753.12 after shedding about 11.14% over the past three months. Despite the price slump, its 1-day technical signal flashes a contrarian Buy, suggesting short-term momentum may be turning even as hedgers continue to pile into inverse exposure.
The latest inflow into BITI underscores persistent caution among traders who see room for further downside or seek protection after Bitcoin’s recent volatility. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.