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Crypto
BlackRock tightens grip on U.S. spot bitcoin ETF market as crypto manager rankings shift
BlackRock is cementing its top spot in the U.S. spot bitcoin exchange-traded fund market with an outsized share, as institutional money flows into regulated ETFs and concentrates assets among a handful of large managers. About 25 asset managers offer crypto products via ETFs, trusts and funds, but the top five control more than $100 billion. Fee competition is intensifying, and Morgan Stanley is being cited as a wildcard after filing an amended S-1 for a spot bitcoin ETF with a 0.14 percent fee.
Crypto
Investors shift from large ETFs to mini trusts as flows diverge
Bitcoin spot exchange-traded funds posted net outflows of $173.73 million on April 1, extending withdrawals into the first day of the second quarter. The pullback was concentrated in large products, including BlackRock\'s IBIT and Fidelity\'s FBTC, while Grayscale\'s low-fee Bitcoin Mini Trust recorded net inflows. Ether spot ETFs also saw outflows that day. In the first quarter, ether spot ETFs logged their weakest quarter since launch, while bitcoin fell about 22 percent.
Crypto
Whales sell as institutions buy, raising questions over shifts in bitcoin holders
Bitcoin spent most of the first quarter of 2026 below $70,000, a sign not of a market collapse but of a shift in who holds it, an analysis said. XWIN Research cited a steady rise in an “exchange whale ratio,” often read as large holders moving coins to exchanges to sell. Listed firms were net buyers, with Strategy buying more than 88,000 BTC. Spot bitcoin ETF flows were mixed, with overall assets little changed.
