Bitcoin’s 85% ETF Share: Altcoins Can Dream, But BTC Reigns Supreme

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  • Oh, look! BTC ETFs might just gobble up 85% of the market when those altcoin ETFs come out.
  • According to Benjamin Cowen, BTC’s dominance could climb to 66%. Let’s all pretend that’s shocking.

Ah, Bitcoin [BTC], the undeniable giant that’s still laughing at the thought of altcoin ETFs trying to steal its throne. Institutions? Yeah, they’re not going anywhere. As much as the altcoin crowd would love to think otherwise, Bitcoin is in charge, and it’s not giving up easily. 😏

Bloomberg’s very own Eric Balchunas, the analyst who’s seen it all, seems to think altcoins will barely leave a scratch on Bitcoin’s reign. He said:

“Bitcoin ETFs command 90% of all the crypto fund assets globally. While a ton of alt/memecoin ETFs are likely going to hit market this year, they will only make minor dents, Bitcoin likely to retain at least 80-85% share long-term.”

Now, in case you weren’t paying attention (or were too busy browsing memes), let’s just put it in numbers: BTC ETFs currently manage $110 billion in assets, while ETH products are a tiny blip on the radar with only $7 billion. 🤑

BTC dominance: Still the king of the hill

The data? Oh, it just keeps confirming the obvious. ETH’s market share has taken a nosedive from 19% in 2024 to a humble 7%. Meanwhile, BTC’s dominance shot up from a modest 50% to a solid 64.5%, including stablecoins (yes, even they can’t escape Bitcoin’s gravitational pull). 🌍

And guess what? Analyst Benjamin Cowen, echoing Balchunas’ prophetic words, is pretty sure BTC is about to keep flexing its muscles. He predicts that BTC could stretch its dominance to a cool 66%. 💪

“I think that ALT/BTC pairs will continue to bleed here, just like they did last year when the Fed announced they would slow Quantitative Tightening (QT). BTC dominance to 66%.”

Of course, even Bitcoin isn’t immune to market tantrums. The U.S. spot BTC ETFs saw some serious sell-offs earlier in 2025. Between February and April, over $4 billion fled the scene. Talk about a break-up. 💔

But wait—just when you thought it was all doom and gloom, here comes the plot twist: on April 21st, BTC ETFs recorded a glorious $381 million in daily inflows. The highest since February. Talk about a comeback! 💸

This surge? Well, it was thanks to the U.S. dollar taking a nosedive, prompting people to flock to Bitcoin and gold as their ‘safe havens.’ Total net assets now stand at a shiny $97 billion. If that doesn’t scream dominance, I don’t know what does. 😎

As for the price? Right now, Bitcoin is cruising at $88.4K. The next step is clearing the 200-day Moving Average (MA) at $88.3K and the previous range-low at $92K to keep this recovery party going. 🎉

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2025-04-22 13:16