BlackRock is steering clear of the altcoin ETF trend, concentrating its efforts on Bitcoin and Ethereum. The firm, which manages over $100 billion in these cryptocurrencies, is prioritizing Bitcoin's status as digital gold and the tokenization of traditional assets. BlackRock's decision reflects its skepticism about the long-term value of most altcoins, such as XRP and Solana, amid ongoing market volatility. Despite interest in altcoin ETFs from other firms, BlackRock remains focused on its Bitcoin and Ethereum ETFs launched in 2024. According to Dune Analytics, BlackRock controls 6.8% of Bitcoin's supply, managing $84 billion in BTC and $15 billion in ETH. This strategic focus underscores BlackRock's cautious approach to the volatile altcoin market.