# Professor David Yermack offers thoughts on the demand for Ether futures contracts

1 Faculty News October 17, 2019 ![Coin Telegraph logo 192 x 144](/sites/default/files/styles/246w/public/assets/images/cointelegraph192x144.jpg?itok=Z8661IEm)>

Excerpt from [CoinTelegraph](https://cointelegraph.com/news/ethereum-futures-the-next-big-derivative-to-hit-the-market) -- "Futures are simply contracts to buy or sell a designated quantity of an asset at a specified price and date, and they are particularly useful when the underlying asset is volatile, which is the case with Bitcoin — and to a lesser degree with Ether, as [David L. Yermack](https://www.stern.nyu.edu/faculty/bio/david-yermack), professor at NYU Stern, noted to Cointelegraph."

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