Markets· ★★★· neutral· October 28, 00:45

BlackRock concentrates demand behind bitcoin ETFs

—Aggregate ETF inflows hide wide gaps between individual issuers
—Demand is concentrated mainly in BlackRock's bitcoin fund
—Flow distribution across issuers is less even than it appears

Why it matters: Heavy concentration in one issuer makes the market more dependent on BlackRock's IBIT and its allocation decisions.

Source: CriptoNoticias

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