BlackRock continues to lead the game of Bitcoin ETFs in the U.S. Just last week, IBIT pulled in $612 million in inflows, and ETHA (ethereum) gained another $168 million. In total, American Bitcoin ETFs have accumulated $816 million in net flows, while Ethereum ETFs received $187 million. The assets under management of Bitcoin ETFs have already surpassed $94.92 billion.

But what really caught attention was the movement in the product market. Bitwise updated the application for the Hyperliquid ETF (code BHYP), with a 0.67% fee, signaling an official launch soon. Meanwhile, Morgan Stanley debuted its new Bitcoin ETF with the best first-day performance among all the institution’s products. Alongside this, the Bitcoin After Dark ETF (NGHT) also debuted, but with a more modest movement.

What else caught my attention? The Baby Boom generation injecting around $500 million into Bitcoin ETFs in a single day, despite market pressure and negative macroeconomic factors. This suggests that traditional capital is beginning to see Bitcoin ETFs as a long-term allocation, not just short-term speculation.

There’s also the issue of the new BlackRock Ethereum staking ETF (ETHB): an 18% fee on staking yields. Some find it high, others find it fair considering custody and risk. In any case, the Bitcoin ETF and cryptocurrency product market continues to move.