What the ETH Futures Approvals Mean for Crypto with Eric Balchunas
What the ETH Futures Approvals Mean for Crypto with Eric Balchunas  
Podcast: Bankless
Published On: Tue Oct 10 2023
Description: Last week was unprecedented, to say the least. Several, yes that’s right, not 1, not 2, but several ETH Futures ETFs launched last week for the first time in the U.S.!  What does this mean for crypto? Volumes have been surprisingly low. Is it a surprise? Will volumes pick up? Regardless, of whether they do or don't, what do all of these ETH ETFs mean for crypto? Are Bitcoin ETFs next?  We brought on Eric Balchunas to help us answer the above and much more.  is an analyst at Bloomberg Intelligence focused on exchange-traded funds. Eric is an analyst at Bloomberg Intelligence focused on exchange-traded funds.  ----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT  ------ 📣 a16z Startup School | Apply Before Oct. 20th https://bankless.cc/a16z-startup-school  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2  ⁠ 🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask  ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  ⁠  🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku  🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap  🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo  ------ TIMESTAMPS 0:00 Intro 7:12 Why ETF Week Was Unprecedented  11:15 Magnitude of Many Launches  16:40 Futures Less Than Spot?  18:25 ETHE vs. Futures  23:43 Is ETH a Security? 28:28 Why Do We Care About ETH ETFs? 32:40 Spot Approval Interpretation  37:23 Scope of the Opportunity  46:50 Timing Predictions of Spot Approvals 51:00 Gensler Preventing Spot Approval?  55:30 Eric’s Twitter 57:00 Closing & Disclaimers  ----- RESOURCES Eric Balchunas https://twitter.com/EricBalchunas  ----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures