What the ETH Futures Approvals Mean for Crypto with Eric Balchunas

How bullish are ETH ETFs?
Oct 10, 20231 min read

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.


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


Eric Balchunas


Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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