BitMEX co-founder predicts Ethereum demand surge if ETF approved, banks hold power over crypto

BitMEX co-founder Arthur Hayes predicts Ethereum will see increased demand amid hype around a potential ETH ETF
Hayes believes ETFs like the Bitcoin one are raking in assets under management and sees no reason ETH and other cryptos wouldn't be approved
He thinks banks could influence whether spot ETFs beyond Bitcoin get approved since they stand to earn fees
Hayes expects banks will want to make money on these products and believes they "run everything"
Ethereum is currently trading around $3,606