BlackRock's spot Bitcoin exchange-traded fund (ETF), known as IBIT, has seen a surge in demand, capturing $1.1 billion in new cash last week. Investors have injected a total of $26 billion into IBIT since its debut in January. The $1.1 billion inflow last week made IBIT the third largest ETF in terms of flows this year. While Bitcoin ETFs have gained significant attention and success, Ethereum ETFs have seen more modest milestones. However, experts believe that Ethereum ETFs will ultimately succeed due to the expanding ecosystem and appeal to institutional investors. Existing crypto funds have also encouraged new filings for digital asset ETFs, including an XRP ETF and a Bitcoin-Treasury ETF. Canary Capital has also filed for a spot Litecoin fund.



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