Bitcoin ETFs are no bigger today than when Trump won the election

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin ETFs are no bigger today than when Trump won the election Net assets of U.S.-listed spot ETFs have fallen to levels last seen just after Trump won the election in early November 2024. By Omkar Godbole Jun 10, 2026, 5:13 a.m. 2 min read Make preferred on Bitcoin ETFs: Total net assets. (SoSoValue, Claude) What to know : Assets in U.S. spot bitcoin ETFs have slid to $77.58 billion, back to levels seen just after Donald Trump’s November 2024 election victory despite a far more favorable regulatory climate. Outflows have picked up pace lately. Analysts attributed the investor exodus to inflation concerns and AI frenzy. In this article BTC BTC $ 62,194.32 ◢ 2.39 % Bitcoin BTC $ 62,194.32 spot exchange-traded funds (ETFs) have fallen out of investor favor and how. Total dollar value of net assets across the 11 spot ETFs stood at $77.58 billion on June 9. That's the same level seen just after President Donald Trump won the presidential election in early November 2024. This is not to say the ETFs didn't grow in the 19-month period. Hopes that Trump would deliver on his campaign promise of friendlier crypto regulation helped push bitcoin higher, along with ETF assets. Total net assets crossed $90 billion within a week of this election win and went on to hit a record high of $169.54 billion in October 2025. But since then, these post-election gains have been erased even though the Securities and Exchange Commission (SEC), under the Trump administration, dropped several high-profile enforcement actions. The U.S. has established a strategic bitcoin reserve and, further, the Digital Asset Market Clarity Act, which seeks to establish jurisdictional boundaries between the SEC and CFTC and give the industry the legal heft, is advancing in Washington. In other words, the regulatory environment has never been more favorable, yet investors' response has been to leave, pulling the net assets lower. These ETFs have registered a net outflow of over $5 billion in four weeks. Cumulative net inflows since inception, which peaked at $62.77 billion in October 2025 when bitcoin was at its all-time high, have since declined by nearly $9 billion to $53.77 billion, the lowest since August last year. Analysts blame macro factors, especially elevated inflation, for recent outflows from the ETFs. "ETF outflows reflected short-term pressure as inflation drives the Fed hawkish, while on-chain supply tightening remains intact," Binance Research said in a report shared with CoinDesk. Market analyst and former co-founder of 21Shares, Ophelia Snyder, said AI and other trending corners of the financial market are draining capital from crypto. "You have ETF outflows as investors are increasingly distracted by other narratives competing for attention and capital, whether that's AI, SpaceX, or other high-profile growth stories. You have ongoing market jitters around geopolitics, the Strait of Hormuz, U.S. jobs data, inflation, and broader macroeconomic uncertainty," she said in an email. Bitcoin News More For You Come back after the summer, says one analyst on crypto markets By James Van Straten | Edited by Stephen Alpher 14 hours ago Bitcoin's growing divergence from tech stocks raises concerns as AI spending surges, says Quinn Thompson. What to know : Lekker Capital CIO Quinn Thompson argues bitcoin remains under pressure due to DAT issues, Strategy's STRC preferred shares, and quantum computing concerns, contributing to one of the largest divergences between crypto and technology stocks in recent years. Thompson is also bearish on tech, citing weakening Mag 7 leadership, rising hyperscaler... Read full story Latest Crypto News Crypto tax bills a work-in-progress as U.S. House lawmakers pose concerns 8 hours ago Securitize CEO says tokenized stocks could unlock a $5 trillion crypto market 9 hours ago UK financial regulator moves to allow mutual funds 10% exposure to crypto ETNs 13 hours ago 5 corruption gaps Congress must close in the Clarity Act 13 hours ago Trad.Fi, W3 target $650 million in onchain private credit using AI evaluation 14 hours ago Ethena lands Janus Henderson backing as asset manager invests in ENA, eyes USDe distribution 14 hours ago Top Stories Come back after the summer, says one analyst on crypto markets 14 hours ago Bitcoin inflows slow sharply in 2026 as investors chase AI, Bernstein says 16 hours ago Live updates: Bitcoin narrows early losses, returns to $62,000 as Nasdaq bounces to close down 1% 16 hours ago A16z, Paradigm lead $175 million bet to move global credit markets onchain 15 hours ago Humanity's $36 million exploit tied to compromised laptop hosting a 'multisig' wallet 17 hours ago Bitcoin's bounce isn't a bullish revival, with anything from $68,000 to $80,000 seen as a marker 17 hours ago In this article BTC BTC $ 62,194.32 ◢ 2.39 %