US spot BTC ETF net assets fall to post-Trump election levels

The net assets of 11 U.S. spot Bitcoin ETFs have fallen to $77.58 billion as of June 9, returning to levels seen just after President Donald Trump's election in November 2024, CoinDesk reported. According to the report, the ETFs' net assets peaked at an all-time high of $169.5 billion in October 2025, driven by expectations of pro-cryptocurrency policies, but have since surrendered most of those gains. The funds have experienced net outflows of over $5 billion in the past four weeks. Cumulative net inflows since the ETFs' launch have also decreased by approximately $9 billion compared to October 2025, hitting their lowest point since August 2025. Binance Research analyzed that the recent ETF outflows reflect the Federal Reserve's hawkish stance amid inflationary pressures, though it noted that the trend of decreasing on-chain supply remains intact. Ophelia Snyder, co-founder of 21Shares, added that other growth themes like artificial intelligence (AI) and SpaceX are currently absorbing investor interest and capital. She also pointed to risks in the Strait of Hormuz, U.S. employment data, inflation, and geopolitical uncertainty as factors dampening cryptocurrency investment sentiment.