What the ETH Futures Approvals Mean for Crypto with Eric Balchunas
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 10 October 2023
⏱️ 58 minutes
🧾️ Download transcript
Summary
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
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's time for the ETH Futures Derby, it just began last week, and the past week has been |
| 0:08.2 | unprecedented to say the least. |
| 0:10.1 | That's a word we use in today's episode, several, not just one, but several Ethereum |
| 0:16.0 | Futures ETF launch for the first time in the US, the first time ever. |
| 0:22.0 | So what does this mean for crypto? |
| 0:23.8 | Volumes have been surprisingly low, is that a surprise, is that bearish will volumes |
| 0:28.4 | pick up? |
| 0:29.4 | And regardless, if they don't, what do all of these ETH ETFs mean for crypto? |
| 0:35.2 | Are Bitcoin spot ETFs next, and after that maybe do we get ether spot ETFs? |
| 0:40.0 | David, who do we have on the show today to explain all of this and walk us through these |
| 0:44.2 | questions? |
| 0:45.2 | Mr. ETF himself, Eric Balakunis. |
| 0:48.8 | He is a commentator on Bloomberg, on Twitter, and just knows, perhaps everything there |
| 0:52.8 | is to know about these ETF products, the ins and the outs. |
| 0:57.0 | Eric's going to tell you all the reasons why, these particular ETH or future ETF products |
| 1:01.0 | are dumb and bad, and are just simply a means to an end of a much better, brighter future, |
| 1:06.4 | which we definitely talk about, that Eric thinks is coming very soon this calendar year, |
| 1:11.1 | which of course is this spot Bitcoin ETF. |
| 1:13.6 | And a much sooner than expected spot ether ETF, then I think Ryan and I were ready for |
| 1:18.5 | in the show. |
| 1:19.5 | So bullish episodes. |
| 1:20.5 | There's been a bunch of conversations around crypto Twitter, it's like, why are people so |
... |
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