According to TechFlow, Jay Jacobs, head of BlackRock's thematic investments and active equity ETFs in the United States, said that the demand for Ethereum ETFs is only the "tip of the iceberg" and that only a very small number of customers currently hold its Bitcoin and Ethereum ETF products.
He added that BlackRock remains focused on bringing new customers to these ETFs rather than launching new ETFs related to other cryptocurrencies.Against the backdrop of possible rate cuts by the Federal Reserve and market expectations that the Trump administration may establish a strategic Bitcoin reserve in 2025, analysts expect ETH to break through $5,000 by the end of the year.
The price of ETH broke through $4,100 this morning, hitting a new high for the year, while Bitcoin broke through $107,000 during the same period. According to historical rules, Ethereum usually sees a new round of increases 1-2 months after Bitcoin breaks a new high.
