BlackRock's thematic investment and active equity ETF US head Jay Jacobs recently stated that the demand for Ethereum ETFs is only showing the 'tip of the iceberg.' Currently, only a few clients hold BlackRock's Bitcoin (IBIT) and Ethereum (ETHA) ETF products. BlackRock is focusing on attracting new clients rather than launching other cryptocurrency-related ETFs.

Against the backdrop of potential interest rate cuts by the Federal Reserve, market expectations for Ethereum are optimistic. Analysts anticipate that Ethereum is likely to break the historical high of $5000 before the end of the year. This morning, the price of Ethereum has already surpassed $4100, setting a new high for the year. 📈