# What the ETH Futures Approvals Mean for Crypto with Eric Balchunas

*Author: Ryan Sean Adams, David Hoffman*
*Published: Oct 10, 2023*
*Source: https://www.bankless.com/es/what-the-eth-futures-approvals-mean-for-crypto-with-eric-balchunas*

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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. 

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## 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 

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## RESOURCES

Eric Balchunas

https://twitter.com/EricBalchunas