U.S. spot Bitcoin ETFs saw net assets fall to $77.58 billion on June 9, matching levels last seen just after Donald Trump's 2024 election victory. Outflows have accelerated amid inflation concerns and investor shifts toward AI-related assets. The decline occurred despite a favorable regulatory environment for crypto.
Total net assets across the 11 ETFs stood at $77.58 billion on June 9. This figure equals levels recorded shortly after the November 2024 election and reflects more than $5 billion in net outflows over the past four weeks. Cumulative net inflows since the ETFs launched have fallen to $53.77 billion. This marks the lowest point since August of last year and reverses earlier gains that peaked at $62.77 billion in October 2025. Analysts point to macro pressures including elevated inflation and competition from other growth narratives such as AI. CoinShares research head James Butterfill described the outflows as a sentiment shock rather than a structural crisis. The Securities and Exchange Commission has dropped several enforcement actions under the Trump administration, and a strategic Bitcoin reserve has been established. Despite these developments, investor capital has continued to exit the funds.
