BlockBeats reports that on December 17, according to Cryptonews, Jay Jacobs, the U.S. head of thematic 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 new clients to these ETFs rather than launching new ETFs related to other cryptocurrencies.
This week, the Federal Reserve may announce an interest rate cut, and in the context of market expectations that the Trump administration will establish a Bitcoin strategic reserve in 2025, analysts expect ETH to break through the historical high of $5,000 by the end of the year. The ETH price broke through $4,100 this morning, reaching a new high for the year, while Bitcoin broke through $107,000 in the same period. According to historical patterns, Ethereum typically experiences a new round of increases 1-2 months after Bitcoin breaks a new high.
