According to news on December 17, Jay Jacobs, U.S. head of thematic investment and active equity ETFs at BlackRock, said in an interview with Bloomberg ETF analyst Eric Balchunas that the demand for Ethereum ETFs only shows the “tip of the iceberg” and currently only has a very small amount. Some clients hold its Bitcoin (IBIT) and Ethereum (ETHA) ETF products. He added that BlackRock remains focused on bringing new clients to these ETFs rather than focusing on launching new ETFs related to other cryptocurrencies. Against the background that the Federal Reserve may announce an interest rate cut this week and the market expects that the Trump administration may establish a Bitcoin strategic reserve in 2025, analysts expect ETH to exceed a record high of $5,000 before the end of the year. The price of ETH exceeded US$4,100 this morning, setting a new high for the year, and Bitcoin exceeded US$107,000 during the same period. According to historical rules, Ethereum usually sees a new round of gains 1-2 months after Bitcoin breaks new highs.