TechFlow, October 28 — According to the latest data from Vetle Lunde, Head of Research at K33 Research, Bitcoin ETFs have seen inflows of $26.9 billion year-to-date. However, $28.1 billion of that amount came solely from BlackRock's IBIT product. This means that excluding IBIT, the overall Bitcoin ETF market has experienced net outflows.
Notably, BlackRock will be absent from the upcoming wave of altcoin ETFs. Analysts suggest this creates an opportunity for competitors to capture strong inflows, but it may also limit the total capital potential of the altcoin ETF market.
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