"Record Trading Surge in UltraShort Bitcoin ETF as BTC Stays Strong Above $90K"
The UltraShort Bitcoin ETF offering 2x inverse returns is having a *moment*, with trading volumes breaking records as Bitcoin (BTC) stubbornly hovers above $90,000. Since BTC has been playing between $90K and $100K, the ETF's daily volume has rocketed to over 5 million shares — a huge jump from the under-2-million readings earlier this year. Looks like investors are getting a bit more *excited* (or nervous, depending on your position).
For those not in the know, this ETF is like the “bizarro world” of Bitcoin trading — if BTC drops 1%, the ETF jumps by 2%, giving traders a leveraged bearish bet on crypto. So why the sudden surge? It could be that early buyers of the ETF are finally giving up, disappointed by BTC's stubborn rise. Or, more likely, Bitcoin bulls are hedging their bets like a poker player holding onto their chips while eyeing the $100K mark, just in case BTC pulls a quick bluff.
Either way, the ETF isn’t just for pessimists. Inflows have been robust, with $17.7 million pouring in last Friday alone — the most since April. Bitcoin bulls, however, still have reason to smile, as spot Bitcoin ETFs have gathered over $2.5 billion in net inflows since mid-November. Looks like the crypto party is still going strong — but don’t forget to hedge!