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Odaily Daily News - Even Herd CEO Sam Juruns stated in an article on X platform that if Robinhood successfully launches a stock token, it will actually eliminate 90% of financial intermediaries, especially Robinhood's proposal to "tokenize everything for free" to accelerate this process. However, Eric Balchunas, a senior ETF analyst at Bloomberg, questioned Robinhood's promotional rhetoric, stating that although Robinhood's stock price has risen 338% in the past 12 months, if investments can already get everything for free through ETFs (investing in regulated large investment vehicles), there is actually no need to switch to Robinhood (24-hour trading or instant settlement is not an advantage because 99.9% of investors don't care about these).