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The expected approval of altcoin exchange-traded funds (ETF) may not bring the massive inflows that investors expect without participation from the 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 Bitcoin ETF inflows to a cumulative $26.9 billion.
Excluding the BlackRock fund, spot Bitcoin ETFs have recorded a cumulative net inflow of $1.27 billion year to date, according to to K33’s head of research, Vetle Lunde.
Inflows from spot Bitcoin ETFs were the primary driver of Bitcoin (BTC) price boost in 2025Standard Chartered’s global head of digital asset research, Geoff Kendrick, told Cointelegraph recently.
BlackRock is the world’s largest asset management firm, with $13.5 trillion in assets under management as of the third quarter of 2025.
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BlackRock’s absence may burst the bubble at the altcoin ETF party
Based on the dynamics seen in Bitcoin ETF investments, BlackRock’s absence from the altcoin ETF wave may limit total inflows and their potential impact on the underlying cryptocurrencies, according to Lunde.
“No BlackRock, no party,” Lunde wrote on X. “BlackRock is absent from the upcoming altcoin ETF wave. Opportunity for competitors to ensure strong flows, but in networks, probably limiting for general flows.”
Related: Crypto treasures siphon $800B from altcoins, and it could be ‘forever’
Despite the lack of involvement from the world’s largest asset manager, some analysts remain optimistic about the next generation of ETFs.
In particular, the first Solana (SOL) staking ETF can attract as much $6 billion capital in the first year, the chief analyst of Bitget exchange, Ryan Lee, told Cointelegraph.
The multinational investment bank JPMorgan also predicted that a Solana ETF would be attract $3 billion to $6 billion and an XRP ETF will earn $4 billion to $8 billion in new investments, based on the adoption rate of Bitcoin and Ether ETFs.
Bitcoin ETFs had an adoption rate of 6% and Ether ETFs about 3% during their first six months, meaning that Bitcoin ETFs attracted about 6% of the total market capitalization of BTC in that period.
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