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Investors Ease Off the Brake: Outflows Hit ProShares’ Short Bitcoin ETF as Rally Rolls On
The ProShares Short Bitcoin Strategy ETF (BITI) experienced $3.49 million in outflows on May 5, 2026, reducing its assets under management as Bitcoin’s price rally continues. This outflow, representing nearly 2% of AUM, suggests investors are reducing their bearish bets on Bitcoin as the cryptocurrency gains over 18% in the past three months and shows bullish technical signals. The trend indicates a potential shift from defensive short positions to long Bitcoin exposures if the uptrend persists.