BlackRock Dominance Overshadows New Altcoin ETF Wave

BlackRock’s $28.1B inflow drives nearly all Bitcoin ETF growth, showing how one giant now shapes the entire market.

Without BlackRock, Bitcoin ETF flows turn negative while Ethereum funds quietly build strength with steady mid-year gains.

NYSE listing new Solana, Litecoin, and Hedera ETFs marks a fresh chapter as crypto ETFs expand beyond Bitcoin and Ethereum.

The U.S. crypto ETF landscape is shifting fast. Yet, one name continues to dominate the field—BlackRock. According to K33 Research and analyst Vetle Lunde, Bitcoin ETFs have attracted $26.9 billion in inflows this year However, $28.1 billion of that total comes entirely from BlackRock’s iShares Bitcoin Trust (IBIT). Without it, overall Bitcoin ETF flows actually turn negative. This reveals a deep concentration risk and raises questions about the long-term balance of institutional demand.

Source: Lunde

Lunde summarized the dynamic: “No BlackRock, no party? BTC ETFs are up $26.9bn YTD, yet $28.1bn stems from BlackRock’s IBIT.” His comment underscores how dependent the market has become on one player. Consequently, while competitors now see an opening with altcoin ETFs, overall growth could still remain limited.

Bitcoin and Ethereum ETF Flow Divide

Charts from K33 Research show the contrast clearly. Bitcoin ETF inflows surged from near zero in January to $26.86 billion by late October. The rise accelerated mid-year, reflecting strong institutional accumulation. Ethereum ETFs also gained ground, though more gradually, climbing to $11.84 billion by October.

However, excluding iShares paints a different story. Bitcoin ETF flows without IBIT dropped into negative territory, ending the period with a $1.27 billion deficit. This suggests weaker investor engagement in non-BlackRock funds. Meanwhile, Ethereum ETFs excluding iShares fared better, turning positive mid-year and reaching $1.14 billion by October.

NYSE Opens New Era for Crypto ETFs

On October 27, the New York Stock Exchange listed four new spot crypto ETFs tied to Solana, Litecoin, and Hedera. This milestone followed the SEC’s new “generic listing standards”, introduced in September, which simplified ETF approvals. The reform removed the need for individual applications, allowing exchanges to list crypto ETFs directly under specific conditions.

Despite the ongoing U.S. government shutdown, these ETFs launched on time. Issuers used automatic effectiveness rules under the Securities Act of 1933, ensuring that filings became valid after twenty days without SEC intervention. That mechanism kept the rollout on track even while the agency was mostly inactive.

The post BlackRock Dominance Overshadows New Altcoin ETF Wave appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.