On December 17, according to Cryptonews, BlackRock's Head of U.S. Thematic Investing and Active Equity ETFs, Jay Jacobs, stated in an interview with Bloomberg ETF analyst Eric Balchunas that the demand for Ethereum ETFs is just "the tip of the iceberg," and that currently only a small fraction of clients hold their Bit and ETH ETF products. He added that BlackRock is still focused on bringing new clients to these ETFs, rather than focusing on launching new ETFs related to other cryptocurrencies.
Against the backdrop of the Federal Reserve's likely announcement of a rate cut this week, and the market's expectation that the Trump administration may establish a Bit strategic reserve by 2025, analysts predict that ETH is expected to break through its historical high of $5,000 by the end of the year. ETH prices broke through $4,100 this morning, setting a new high for the year, while Bit broke through $107,000 during the same period. According to historical patterns, Ethereum usually experiences a new round of gains 1-2 months after Bit breaks new highs.
