Ethereum Poised for New Highs as Market Anticipates Continued Demand for ETFs, Says BlackRock’s Jay Jacobs

In a recent interview with Bloomberg, Jay Jacobs, the US Director of Thematic Investments at BlackRock, emphasized the burgeoning interest in Ethereum ETFs, characterizing current investor engagement as merely the “tip of the iceberg.” Despite the limited investor base for BlackRock’s Bitcoin (IBIT) and Ethereum (ETHA) ETFs, Jacobs underscored the firm’s commitment to onboarding new clients rather than diversifying into additional cryptocurrency products. This statement aligns with the broader market context, as the impending Federal Reserve rate decision could significantly influence investor sentiment. Furthermore, as speculation mounts around the Trump administration’s potential establishment of a Bitcoin strategic reserve by 2025, analysts predict a possible surge in Ethereum prices. Having recently surpassed the $4,100 threshold, and with Bitcoin breaching $107,000, historical trends suggest that Ethereum typically experiences substantial increases 1-2 months following Bitcoin’s new price peaks.