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The long-awaited approval of altcoin exchange-traded funds (ETFs) may not bring the massive inflows investors expect without participation from asset management giant BlackRock, according to market data.
BlackRock’s iShares Bitcoin Trust ETF accounted for over $28.1 billion of the total $26.9 billion inflows to US spot Bitcoin ETFs in 2025 so far.
Without BlackRock’s fund, the spot Bitcoin ETFs recorded a cumulative net outflow of $1.27 billion year-to-date (YTD), according to K33’s head of research, Vetle Lunde.
The inflows from spot Bitcoin…
