In an interview with Bloomberg ETF analyst Eric Balchunas, Jay Jacobs, US head of thematic investments and active equity ETFs at BlackRock, said that the demand for Ethereum ETFs is only the "tip of the iceberg", with only a very small number of customers currently holding its Bitcoin (IBIT) and Ethereum (ETHA) ETF products. He added that BlackRock remains focused on bringing new customers to these ETFs, rather than focusing on launching new ETFs related to other cryptocurrencies. In the context of the Federal Reserve's possible interest rate cut this week and market expectations for the Trump administration or the establishment of a bitcoin strategic reserve in 2025, analysts expect ETH to break through a record high of $5,000 before the end of the year. The price of ETH broke through $4,100 this morning, a new high for the year, and Bitcoin broke through $107,000 in the same period. According to historical laws, Ethereum usually sees a new round of gains 1-2 months after Bitcoin breaks through a new high.