Recent data reveals a surge in investment interest for crypto ETFs, fueled by both hedge fund activity and long-term investors known as ‘HODLers’. Bitcoin ETFs saw a notable inflow of $591.2 million, with BlackRock’s IBIT leading the charge at over $970.9 million. This success has sparked growth in the broader crypto ETF market, particularly for Ethereum. Bitcoin [BTC] ETFs alone collected $591.2 million. While some competitors like Fidelity’s FBTC and Grayscale’s GBTC experienced outflows, Grayscale’s GBTC remains a standout performer, generating an impressive $268 million in revenue despite facing challenges from other Bitcoin-focused ETFs. Ethereum [ETH] ETF activity is also gaining momentum, with spot ETH ETFs recording a healthy $64.1 million in net inflows. BlackRock’s ETHA was the top performer, attracting $67.5 million while Bitwise’s ETHW saw outflows of $3.4 million. The driving force behind this growth?** Hedge funds capitalizing on arbitrage opportunities, as well as long-term ‘HODLers’, demonstrating continued belief in digital assets. Further evidence comes from the increasing participation of institutional investors who are putting their capital into crypto ETFs, contributing to liquidity and a larger acceptance of digital assets within traditional finance.