According to Deep Tide TechFlow, Jay Jacobs, the U.S. head of thematic investment and active equity ETFs at BlackRock, stated that the demand for Ethereum ETFs is only showing 'the tip of the iceberg', with only a very small portion of clients currently holding their Bitcoin and Ethereum ETF products.
He added that BlackRock is still focused on bringing new clients to these ETFs, rather than launching new ETFs related to other cryptocurrencies. Against the backdrop of the Federal Reserve potentially lowering interest rates and market expectations that the Trump administration may establish a Bitcoin strategic 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, setting a new high for the year, while Bitcoin broke through $107,000 during the same period. According to historical patterns, Ethereum typically experiences a new round of increases 1-2 months after Bitcoin breaks a new high.
