Bloomberg ETF analyst Eric Balchunas said on the X platform, "Today at Proof of Talk inside the Louvre, we had an enlightening discussion with 21Shares co-creator Ophelia Snyder, digital asset analysts Matthew Sigel and Jason Xavier, all agreed that tokenization is important, but probably not a replacement for ETFs. Sigel predicts that Bitcoin ETFs will surpass $500 billion in the U.S. within 5 years, and Snyder said that globally it could exceed that number. They all agreed that I may have underestimated the demand for Ethereum ETFs, and they plan to position it as" production tech stocks "," the ultimate app store ", very different from the Bitcoin hype."