PANews reported on March 9th that Bloomberg ETF analyst Eric Balchunas, commenting on Nasdaq's equity tokenization framework , stated that tokenization will not replace ETFs, but rather serve as a distribution channel, bringing the most popular ETFs and stocks from traditional markets to on-chain and less developed markets. He cited the example of VOO-like index funds, which are expected to reach more users in token form, enabling the global spread of "VOO & Chill" style passive investing. Balchunas believes this trend is beneficial to traditional ETFs themselves.