On 25 December, Jay Jacobs, head of U.S. thematic and active ETFs at BlackRock, was reported as saying, ‘We're really just at the tip of the iceberg when it comes to Bitcoin and especially Ether, and BlackRock's clients currently own only a small portion of the Bitcoin and Ether exchange-traded funds, IBIT and ETHA, as opposed to launching a new cottage-coin ETF, so that's what we're focused on. .’