Bloomberg ETF Analyst: Everyone agrees that tokenization is important

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Cointime2024/06/12 00:10

By:Cointime

Bloomberg ETF analyst Eric Balchunas stated on the X platform that he had an enlightening discussion with Ophelia Snyder, co-founder of 21Shares, digital asset analyst Matthew Sigel, and Jason Xavier at the Proof of Talk event inside the Louvre today. Everyone agreed that tokenization is important, but it may not be a replacement for ETFs. Sigel predicts that Bitcoin ETFs will exceed $500 billion in the US within five years, and Snyder says that this figure may be surpassed globally. They all believe that I may have underestimated the demand for Ethereum ETFs, and they plan to position it as a "production technology stock" and "ultimate app store," which is very different from the promotion of Bitcoin.

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