Bitcoin ETF Assets Drop Back to Post-Election Levels Despite Strong Crypto Policy Support

U.S. spot Bitcoin ETFs have seen a sharp decline in assets, with total net assets falling to $77.58 billion as of June 9. That figure is nearly identical to the level recorded shortly after Donald Trump’s election victory in November 2024, despite major regulatory developments that were expected to boost investor confidence.

The ETFs experienced significant growth following the election as investors anticipated a friendlier approach toward digital assets. Total assets quickly moved above $90 billion and eventually reached a record $169.54 billion in October 2025. However, much of those gains have now been erased.

Investors Pull Billions From Bitcoin Funds

Over the past four weeks, Bitcoin ETFs have recorded more than $5 billion in net outflows. Cumulative net inflows since launch have also dropped from a peak of $62.77 billion in October 2025 to $53.77 billion, the lowest level since August last year.

According to Binance Research, elevated inflation and expectations of a more hawkish Federal Reserve have pressured risk assets and contributed to ETF withdrawals. The firm noted that while ETF demand has weakened, on-chain supply conditions remain relatively tight.

Analysts Point to AI Boom and Economic Uncertainty

Market analyst and former 21Shares co-founder Ophelia Snyder said investors are increasingly shifting attention toward other growth themes, including artificial intelligence, SpaceX and other high profile investment opportunities.

She also pointed to broader market concerns, including inflation, U.S. jobs data, geopolitical tensions around the Strait of Hormuz and overall economic uncertainty. Despite the SEC dropping several crypto enforcement actions, the creation of a U.S. Strategic Bitcoin Reserve and progress on the Digital Asset Market Clarity Act, investors have continued reducing exposure to Bitcoin ETFs, highlighting the powerful influence of macroeconomic conditions on market sentiment.