Welcome to the US Crypto News Morning Briefing—your crucial overview of today’s key crypto developments.
Pour yourself a coffee and discover how institutional flows illustrate a narrative of dominance, dependency, and significant accumulation. At the forefront is BlackRock, supporting a vulnerable ETF ecosystem that may struggle without its backing.
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Crypto News of the Day: IBIT’s Substantial Role and Concentration Risk
BlackRock’s IBIT accounted for $28.1 billion in year-to-date net inflows to US Bitcoin ETFs, outpacing overall sector growth and highlighting a weak base for institutional crypto acceptance. In contrast, Bitcoin ETFs outside of IBIT experienced negative flows, raising doubts about broader market confidence.
On October 27, US Bitcoin ETFs received inflows of 1,300 BTC (approximately $149.3 million), equivalent to three days’ worth of new Bitcoin. This reflects persistent institutional demand, predominantly through IBIT. Rivals continue to struggle despite growing interest in digital assets.
Recent statistics reveal a clear trend. BlackRock’s IBIT has driven net positive flows for US Bitcoin ETFs, well ahead of its competitors.
According to Farside Investors, US Bitcoin ETFs reported $26.9 billion in net inflows this year, with $28.1 billion sourced from IBIT. Excluding IBIT, flows in other ETFs, such as Fidelity’s FBTC and Bitwise’s BITB, remained flat or negative.
“No BlackRock, no party? BTC ETFs are up $26.9bn YTD, yet $28.1bn stems from BlackRock’s IBIT. Ex-IBIT, flows are negative. BlackRock is absent from the impending altcoin ETF surge. Opportunity for competitors to secure strong flows, but overall flows are likely limited,” wrote Velte Lunde, head of research at K33 Research.
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This dependency on a single fund indicates a significant weakness. If BlackRock reduces its involvement, institutional inflows could swiftly diminish. Such concentration can impact the perception of ongoing institutional trust in global finance.
On the same day as notable Bitcoin inflows, US Ethereum ETFs added 32,220 ETH, valued at $133.9 million according to Farside.
While substantial, no Ethereum ETF has matched IBIT’s level of dominance. This suggests a growing but more dispersed interest from institutions looking beyond Bitcoin.
Institutions Considering Crypto As Integral to Finance
Meanwhile, Bitwise data shows that banks, asset managers, and payment firms view crypto as an essential part of finance. Moving from niche to mainstream, large organizations are increasing exposure through custody, tokenization, and ETF products. Such a shift would have seemed unlikely just a few years ago.
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“Institutions are gradually committing fully. Banks, funds, and payment giants persist in adding exposure each week. Crypto’s no longer a side bet – it’s integrates into the system,” wrote analyst Kyle Doops.
Research from CoinShares corroborates this trend. Bitcoin investment products attracted $931 million in inflows for the week ending October 24, 2025, bringing the annual total to $30.2 billion.
However, a sharp outflow the prior week underscores ongoing volatility and shifting sentiments still impacting the crypto markets.
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Chart of the Day
Byte-Sized Alpha
Here’s a brief summary of more US crypto news to watch today:
Crypto Equities Pre-Market Overview
| Company | At the Close of October 27 | Pre-Market Overview |
| Strategy (MSTR) | $295.63 | $295.05 (-0.21%) |
| Coinbase (COIN) | $361.43 | $361.06 (-0.10%) |
| Galaxy Digital Holdings (GLXY) | $40.55 | $36.55 (-9.77%) |
| MARA Holdings (MARA) | $19.56 | $19.54 (-0.10%) |
| Riot Platforms (RIOT) | $23.00 | $22.68 (-1.39%) |
| Core Scientific (CORZ) | $19.87 | $20.18 (+1.56%) |
