Eric Balchunas, an ETF analyst at Bloomberg, said in a social media post: "Jay Jacobs, BlackRock's head of US themed and active ETFs, speaking at the ETFs in Depth conference, said:" Our current exploration of Bitcoin and Ethereum in particular is just the tip of the iceberg. Only a very small number of customers hold [IBIT and ETHA], so our current focus is on this rather than launching new counterfeit products ETFs. "