Traders Bet on Bitcoin's Decline With Leveraged Shorts as SBIT Draws Fresh Inflows

Some investors are positioning for more pain in Bitcoin, deploying fresh capital into a leveraged bet against the cryptocurrency. ProShares UltraShort Bitcoin ETF (SBIT) pulled in $1,491,084 in net inflows on April 10, 2026, pushing its total assets under management to $204.37 million. That inflow, while modest at just 0.73% of AUM, reflects a strategic shift by traders seeking amplified exposure to Bitcoin’s potential downside. SBIT is designed to deliver twice the inverse of Bitcoin’s daily return, making it a tool for speculation or hedging—though one that compounds risk over time. The move comes as Bitcoin (BTC-USD) trades at $70,777.49, down roughly 23.62% from recent highs over the past three months. Despite a neutral one-day technical signal suggesting a hold, the inflow into SBIT reveals that a segment of the market anticipates continued volatility or further depreciation. For those using the ETF, the bet isn’t just on direction—it’s on magnitude, timing, and the decay-resistant discipline required to navigate leveraged instruments.