Overview
- U.S. spot Bitcoin ETFs took in $149 million on Oct. 27, while Ethereum spot ETFs added $134 million for a third straight day of net inflows.
- K33 Research reports roughly $26.9 billion in year-to-date inflows to U.S. Bitcoin ETFs, with BlackRock’s IBIT contributing about $28.1 billion, implying net outflows without it.
- IBIT holds more than 60% of the roughly 1.3 million BTC owned by U.S. ETFs and has amassed about $65.3 billion in lifetime inflows versus $21.3 billion across all rivals combined.
- On-chain and derivatives data from CryptoQuant and Glassnode point to a months-long consolidation with reduced leverage, easing sell pressure, and ongoing accumulation.
- Multiple firms have filed for spot altcoin ETFs with the SEC, but BlackRock has not joined those efforts, raising questions about demand for new products without its distribution muscle.