NiFe2O4 nanoparticles was successfully synthesized by hydrothermal decomposition of a gel of Ni-Fe-EG (EG=ethylene glycol) in water solution. The crystal structure and morphologies of the products were characterized by X-ray diffraction (XRD) and Transmission electron microscopy (TEM). All the diffraction peaks in XRD patterns revealed that the as-synthesized nanoparticles were pure NiFe2O4. TEM images disclosed that the particle sizes of the nanoparticles were in the range of 10 − 25nm. The cyclic voltammetry (CV) and galvanostatic charge/discharge results tested in 6M KOH solution revealed a double layer capacitive behavior and a revisable charge/discharge property.