In the wake of another drop in BTC prices, the value of assets under management for Bitcoin ETFs fell to $97 billion on Tuesday. Let’s take a closer look at this decline, which has been ongoing for several months now.
Bitcoin ETFs fall below $100 billion in assets under management
On Tuesday, the price of BTC entered a new bearish trend, dropping as low as $72,900—a level not seen since Donald Trump’s election in November 2024.
In the wake of this decline, U.S. spot Bitcoin ETFs have also taken a hit, now showing $97.01 billion in assets under management. Aside from the fact that falling below $100 billion is entirely symbolic, this is also the lowest level since April 17, 2025:
Evolution of AUM for U.S. spot Bitcoin ETFs
Yesterday, we noted that 60% of Bitcoin ETF purchases were in the red. This also comes against the backdrop of January being the third-worst month for outflows in the history of these funds, with $1.61 billion in cumulative outflows, following December and November, which recorded $1.09 billion and $3.48 billion in outflows, respectively. At the same time, last week and the week before were also the second and third worst weeks for ETFs, with $1.49 billion and $1.33 billion in outflows.
More broadly, two factors influence the change in the value of assets under management for these ETFs: the price of the underlying asset and the total inflows and outflows.
In this case, Tuesday saw “only” $272.02 million in outflows, a relatively small amount compared to what we have seen previously. However, the drop in the price of BTC caused this AUM to fall from $100.38 billion to the $97.01 billion we are seeing today.
In fact, it may be particularly interesting to compare daily inflow and outflow levels to identify any discrepancies with AUM trends, as this could indicate whether an uptrend or downtrend is coming from the institutional sector.
On this point, while the data certainly suggests that the decline is largely coming from elsewhere, the figures from recent weeks do indeed show that capital outflows from ETFs are following the current bear market.
As of this writing, the price of a bitcoin is $76,400, down 2.55% over the past 24 hours.
