Bearish Bets Unwind as ProShares’ Short Bitcoin ETF Sees Notable Outflow
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The ProShares Short Bitcoin Strategy ETF, BITI, recorded net outflows of $1,558,515 on January 08, 2026, trimming its assets under management to $101.18 million. The latest redemption represents roughly 1.54% of the fund’s AUM, a meaningful shift that suggests some traders are dialing back leveraged bearish exposure to Bitcoin after a volatile stretch in the crypto market.
The move comes as the related asset, BTC-USD, trades around $90,615.32, down about 18.38% over the past three months. Despite that medium-term slide, the coin’s 1-day technical outlook currently screens as a cautious Sell, indicating that short-term momentum remains fragile even as some investors appear to be taking profits or closing out short positions in BITI.
Flows of this size are not enough to redefine sentiment on their own, but they do hint that a portion of the market may be less confident in further near-term downside for Bitcoin, or is simply reducing risk after a sharp drawdown. Whether this marks the early stages of a broader repositioning away from bearish crypto ETFs will likely depend on how Bitcoin trades around current levels and whether selling pressure persists or stabilizes.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.