Spot bitcoin ETF net assets fell to $77.58 billion, erasing gains made after Trump’s 2024 election win despite regulatory tailwinds.
U.S.-listed spot bitcoin ETFs now hold $77.58 billion in net assets, matching levels last seen immediately after Donald Trump’s November 2024 election victory. The decline follows a peak of $169.54 billion in October 2025, driven by investor outflows amid inflation concerns and shifting focus to AI-related investments.
Assets surged briefly after Trump’s win, crossing $90 billion within a week, as markets anticipated friendlier crypto regulation. However, recent outflows have reversed those gains, despite the SEC dropping enforcement actions and legislative progress like the Digital Asset Market Clarity Act.
The U.S. has also established a strategic bitcoin reserve, but these measures have yet to stem the decline in ETF assets.