The total assets under management (AUM) for spot Bitcoin ETFs have declined below $100 billion for the first time since April 2025, falling from a peak of $168 billion in October 2025. The average entry price for these ETF holders is reported at $84,000, which is higher than Bitcoin's current market price, creating downward pressure on fund inflows. Experts suggest institutional investors may increasingly prefer direct Bitcoin trading over ETF investments in the near future.