Investment in Bitcoin and Ethereum ETFs saw a surge on May 2nd, with BlackRock’s products leading the market. Bitcoin ETFs experienced a remarkable $675 million inflow, driven entirely by BlackRock’s IBIT fund which now holds over half the Bitcoin ETF assets at $43.68 billion. Ethereum ETFs also saw substantial inflows with BlackRock’s ETHA generating a $20.10 million daily influx to surpass $2.51 billion in cumulative flows. Institutional investors continue to favor low-fee, established fund managers like BlackRock as the drivers of ETF growth in both Bitcoin and Ethereum markets. This trend underscores the growing trust in institutional products as a key factor driving market performance.