"UltraShort" Bitcoin ETF Draws Record Inflows as Rally Stalls

Bloomberg

2024-11-26

The original cryptocurrency is down roughly 7% over three days
Speculative fervor has cooled after a failed run at $100,000

A fund giving investors a way to turbocharge bets against Bitcoin notched its highest daily inflow in a sign that some investors consider the rally unleashed by Donald Trump’s election to the White House overdone.

The ProShares UltraShort Bitcoin exchange-traded fund (SBIT) aims to deliver twice the inverse daily performance of the token. It recorded a net inflow of $18.8 million on Monday, the largest since its April launch. Investors also piled into the ProShares Short Bitcoin ETF (BITI), which drew in about $23 million over the past two trading sessions, among the highest inflows this year.

Bitcoin has declined by around 7% in the past three days, as speculative fervor sparked by Trump’s presidential election victory cools. Spurred by optimism surrounding the President-elect’s pledges to embrace the digital-assets industry, Bitcoin last week rallied to within a few hundred dollars of the $100,000 mark.

Flows into funds shorting Bitcoin coincide with a $438 million outflow from a group of 12 spot ETFs that invest directly in the token — the third-biggest since their launch in January, according to data compiled by Bloomberg.

“Traders are hedging against potential downside risks,” said Nick Forster, founder of crypto trading platform Derive.xyz. “However, pullbacks like these are not uncommon in bull markets.”

Bitcoin was trading around $93,500 as of 9:54 a.m. Tuesday in London.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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It recorded a net inflow of $18.8 million on Monday, the largest since its April launch. Investors also piled into the ProShares Short Bitcoin ETF (BITI), which drew in about $23 million over the past two trading sessions, among the highest inflows this year.</p><p>Bitcoin has declined by around 7% in the past three days, as speculative fervor sparked by Trump’s presidential election victory cools. Spurred by optimism surrounding the President-elect’s pledges to embrace the digital-assets industry, Bitcoin last week rallied to within a few hundred dollars of the $100,000 mark.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2974128771060f98723013dce05d3f2b\" tg-width=\"953\" tg-height=\"537\"/></p><p>Flows into funds shorting Bitcoin coincide with a $438 million outflow from a group of 12 spot ETFs that invest directly in the token — the third-biggest since their launch in January, according to data compiled by Bloomberg.</p><p style=\"text-align: start;\">“Traders are hedging against potential downside risks,” said Nick Forster, founder of crypto trading platform Derive.xyz. “However, pullbacks like these are not uncommon in bull markets.”</p><p style=\"text-align: start;\">Bitcoin was trading around $93,500 as of 9:54 a.m. Tuesday in London.</p></body></html>","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"UltraShort\" Bitcoin ETF Draws Record Inflows as Rally Stalls</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"UltraShort\" Bitcoin ETF Draws Record Inflows as Rally Stalls\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2024-11-26 18:23</span>\n</p>\n</h4>\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>The original cryptocurrency is down roughly 7% over three days</p></li><li><p>Speculative fervor has cooled after a failed run at $100,000</p></li></ul><p>A fund giving investors a way to turbocharge bets against Bitcoin notched its highest daily inflow in a sign that some investors consider the rally unleashed by Donald Trump’s election to the White House overdone.</p><p style=\"text-align: start;\">The ProShares UltraShort Bitcoin exchange-traded fund (SBIT) aims to deliver twice the inverse daily performance of the token. It recorded a net inflow of $18.8 million on Monday, the largest since its April launch. Investors also piled into the ProShares Short Bitcoin ETF (BITI), which drew in about $23 million over the past two trading sessions, among the highest inflows this year.</p><p>Bitcoin has declined by around 7% in the past three days, as speculative fervor sparked by Trump’s presidential election victory cools. Spurred by optimism surrounding the President-elect’s pledges to embrace the digital-assets industry, Bitcoin last week rallied to within a few hundred dollars of the $100,000 mark.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2974128771060f98723013dce05d3f2b\" tg-width=\"953\" tg-height=\"537\"/></p><p>Flows into funds shorting Bitcoin coincide with a $438 million outflow from a group of 12 spot ETFs that invest directly in the token — the third-biggest since their launch in January, according to data compiled by Bloomberg.</p><p style=\"text-align: start;\">“Traders are hedging against potential downside risks,” said Nick Forster, founder of crypto trading platform Derive.xyz. “However, pullbacks like these are not uncommon in bull markets.”</p><p style=\"text-align: start;\">Bitcoin was trading around $93,500 as of 9:54 a.m. Tuesday in London.</p></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.bloomberg.com/news/articles/2024-11-26/-ultrashort-bitcoin-etf-draws-record-inflows-as-rally-stalls?utm_content=business&utm_medium=social&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_source=twitter\">Bloomberg</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BITI","symbol_name":"ProShares Short Bitcoin ETF","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-11-26/-ultrashort-bitcoin-etf-draws-record-inflows-as-rally-stalls?utm_content=business&utm_medium=social&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_source=twitter","article_id":"1192007126","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192007126","pubTimestamp":1732616619,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"The original cryptocurrency is down roughly 7% over three daysSpeculative fervor has cooled after a failed run at $100,000A fund giving investors a way to turbocharge bets against Bitcoin notched its ","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITI":"ProShares Short Bitcoin ETF","SBIT":"ProShares Ultra Short Bitcoin ETF"},"translate_title":"随着反弹停滞，“超短”比特币ETF吸引创纪录的资金流入","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITI":1.1,"SBIT":1.1},"content_text":"The original cryptocurrency is down roughly 7% over three daysSpeculative fervor has cooled after a failed run at $100,000A fund giving investors a way to turbocharge bets against Bitcoin notched its highest daily inflow in a sign that some investors consider the rally unleashed by Donald Trump’s election to the White House overdone.The ProShares UltraShort Bitcoin exchange-traded fund (SBIT) aims to deliver twice the inverse daily performance of the token. 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