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

K33 Research, through its head of research Vetle Lunde, warns that the anticipated wave of altcoin Exchange-Traded Funds (ETFs) might not see massive inflows without the involvement of asset management giant BlackRock. Data from 2025 shows that BlackRock’s iShares Bitcoin Trust ETF accounted for over $28.1 billion of the total $26.9 billion in US spot Bitcoin ETF inflows year-to-date. Without BlackRock’s fund, spot Bitcoin ETFs actually recorded a cumulative net outflow of $1.27 billion YTD. Lunde summarized this by stating, “No BlackRock, no party,” indicating that BlackRock's absence from the altcoin ETF launch will likely limit overall flows, though it presents an opportunity for competitors. Despite this concern, other analysts remain optimistic, with predictions suggesting a Solana ETF could attract $3 billion to $6 billion in its first year, based on the adoption rates seen with Bitcoin and Ether ETFs.

(Source：Cointelegraph)