Crypto
BITU ETF Sees $2.8M Outflow Amid Bitcoin's Strong Run
Bitcoin's recent surge has triggered some profit-taking among investors in leveraged products. The ProShares Ultra Bitcoin ETF (BITU), which offers 2x leverage on Bitcoin, saw a notable outflow of $2.78 million on September 1, 2026. This represents about 0.54% of the fund's total assets under management, which currently stands at $511.6 million.
The BITU ETF has been riding high on the back of Bitcoin's strong momentum over the past three months, with a gain of about 21.26%. The price of BTC-USD is currently trading at $77,582.29. Despite the recent withdrawal from the leveraged fund, technical signals suggest that near-term momentum remains constructive.