Bitcoin ETF

Bitcoin

XRP ETF

would

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 received $28.1 billion in investments in 2025, as the only fund with positive year-to-date (YTD) inflows, pushing total spot Bitcoin ETF inflows to a cumulative $26.9 billion.
Without BlackRock’s fund, the spot Bitcoin ETFs recorded a cumulative net outflow of $1.27 billion year-to-date, <a href="https://x.com/VetleLunde/status/1983103722873110923" rel="noopener noreferrer nofollow" target="_blank">according</a> to K33’s head of research, Vetle Lunde.
The inflows from spot Bitcoin ETFs were the primary driver of Bitcoin (<a href="/bitcoin-price" rel="noopener noreferrer">BTC</a>) price <a href="https://cointelegraph.com/news/19b-market-crash-buying-opportunity-fuel-bitcoin-200k-standard-chartered" rel="noopener noreferrer nofollow" target="_self">momentum in 2025</a>, Standard Chartered’s global head of digital assets research, Geoff Kendrick, told Cointelegraph recently.
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-10/019a2ae8-fcb9-7d92-9fa4-de028da0b799" title="" alt="‘No BlackRock, no party’ for Bitcoin, altcoin ETF investments: K33 Research">
 <figcaption style="text-align: center;">
 Source: Vetle <a href="https://x.com/VetleLunde/status/1983103722873110923/photo/1" rel="noopener noreferrer nofollow" target="https://x.com/VetleLunde/status/1983103722873110923/photo/1">Lunde</a>
 </figcaption>
</figure>
BlackRock is the world’s largest asset management firm, with $13.5 trillion in assets under management as of the third quarter of <a href="https://s24.q4cdn.com/856567660/files/doc_financials/2025/Q3/BLK-3Q25-Earnings-Release.pdf" rel="noopener noreferrer nofollow" target="_blank">2025</a>.
Related: <a href="https://cointelegraph.com/news/arthur-hayes-bitcoin-1m-japan-pm-economic-stimulus" rel="noopener noreferrer nofollow">Arthur Hayes calls for $1M Bitcoin as new Japan PM orders economic stimulus</a>
<h2 id="blackrock-s-absence-may-burst-the-bubble-at-altcoin-etf-party">BlackRock’s absence may burst the bubble at altcoin ETF party</h2>
Based on the dynamic seen in Bitcoin ETF investments, BlackRock’s absence from the altcoin ETF wave may limit the total inflows and their potential upside impact on the underlying cryptocurrencies, according to Lunde.
“No BlackRock, no party,” Lunde wrote on X. “BlackRock is absent from the imminent altcoin ETF wave. Opportunity for competitors to secure strong flows, but on net, likely limiting for overall flows.”
Related: <a href="https://cointelegraph.com/news/crypto-treasuries-siphon-800b-from-altcoins-and-it-might-be-forever" rel="noopener noreferrer nofollow">Crypto treasuries siphon $800B from altcoins, and it might be ‘forever’</a>
Despite the lack of involvement from the world’s largest asset manager, some analysts remain optimistic about the next generation of ETFs.
Notably, the first Solana (<a href="https://cointelegraph.com/solana-price-index" rel="noopener noreferrer nofollow">SOL</a>) staking ETF may attract as much as <a href="https://cointelegraph.com/news/solana-etf-attract-6b-capital-sol-analyst" rel="noopener noreferrer nofollow">$6 billion of capital</a> within the first year, Bitget exchange’s chief analyst, Ryan Lee, told Cointelegraph.
Multinational investment bank JPMorgan also predicted that a Solana ETF would <a href="https://cointelegraph.com/news/solana-xrp-etfs-billion-dollar-investment-jpmorgan" rel="noopener noreferrer nofollow">attract $3 billion to $6 billion</a> and an XRP ETF would garner $4 billion to $8 billion in new investments, based on the adoption rate of Bitcoin and Ether ETFs.
Bitcoin ETFs had a 6% adoption rate and Ether ETFs about 3% during their first six months, meaning Bitcoin ETFs attracted roughly 6% of BTC’s total market capitalization in that period.<iframe width="100%" height="315" src="https://www.youtube.com/embed/kwdsrgNHrUo?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy" sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe>
Magazine: <a href="https://cointelegraph.com/magazine/bitcoin-big-move-ether-price-surge-dogecoin-xrp-solana-trade-secrets/" rel="noopener noreferrer nofollow">Bitcoin to see ‘one more big thrust’ to $150K, ETH pressure builds</a>

‘No BlackRock, no party’ for Bitcoin, altcoin ETF investments: K33 Research

Table of Contents

Cointelegraph

Other articles published on Oct 28, 2025

Dogecoin Holds Key $0.20 Support as Derivatives Activity Signals Growing Institutional Interest

Trump Media Enters Prediction Markets with Crypto.com

SharpLink to Deploy $200 Million in Ethereum on Linea Network

Aptos Sees $545.7M Stablecoin Inflow in 24 Hours

Ripple-backed Evernorth nears launch of publicly traded XRP treasury

PARTNER’S SERVER 2ND CHANCE : AUCTION BEGINS (10 Round Update)

Join our free newsletter for daily crypto updates!