According to @EricBalchunas, five years of claims that tokenization would replace the traditional system have not materialized, while exchange-traded funds remain the practical, investable route for market participation (Source: @EricBalchunas on X, Oct 6, 2025). For traders, this suggests prioritizing ETF-related flows, approvals, and fee dynamics over tokenization narratives when assessing near-term catalysts (Source: @EricBalchunas on X, Oct 6, 2025).