The ProShares Bitcoin Strategy ETF (BITO) has experienced fresh outflows, with investors redeeming $12.67 million from the fund on May 1, 2026.
This represents about 0.66% of its $1.91 billion in assets under management and may suggest that some investors are locking in profits or rotating to other vehicles rather than abandoning bitcoin altogether.
The related asset, BTC-USD, is currently trading at $82,011.13 after climbing roughly 14.23% over the past three months.
Despite the selling pressure in BITO, the short-term technical signal for bitcoin remains bullish, indicating a constructive backdrop for the cryptocurrency.