On December 17, news emerged that Jay Jacobs, the U.S. head of thematic investing and active equity ETFs at BlackRock, stated in an interview with Bloomberg ETF analyst Eric Balchunas that the demand for Ethereum ETFs is only showing the "tip of the iceberg." Currently, only a very small portion of clients hold their Bitcoin (IBIT) and Ethereum (ETHA) ETF products. He added that BlackRock is still focused on bringing in new clients for these ETFs, rather than focusing on launching new ETFs related to other cryptocurrencies. Against the backdrop of the Federal Reserve possibly announcing interest rate cuts this week, and market expectations that the Trump administration may establish a Bitcoin strategic reserve by 2025, analysts expect ETH to break the historical high of $5,000 before the end of the year. The ETH price broke through $4,100 this morning, setting a new high for the year, while Bitcoin surpassed $107,000 during the same period. Historically, Ethereum tends to experience a new round of increases 1-2 months after Bitcoin reaches a new high.

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