What's going on with BlackRock and altcoins?

While BlackRock is actively pumping Bitcoin through its ETF (IBIT) and a spot Ethereum ETF is on the way, they are cautious towards other altcoins.

However, there is still interest: in the areas of tokenization and DeFi, projects like Chainlink (LINK), Avalanche (AVAX), and Polygon (MATIC) are mentioned — as part of the infrastructure of future finance.

So far, there are no direct purchases of altcoins by BlackRock, but they are closely watching those who are building a bridge between traditional finance and blockchain.

So altcoins are on the radar. They are just playing the long game.