Peng Fu: Crypto investors are accelerating their embrace of traditional assets as the "great convergence" is reshaping the boundaries of financial markets.
According to Odaily, Peng Fu posted on X platform: “Many long-time Bitcoin holders who have been limited to the digital asset ecosystem are, through this channel, trying for the first time to allocate to S&P 500 ETFs and artificial intelligence-related funds. This trend is prompting the market discussion to shift from ‘opposition’ to ‘complementarity,’ signaling that the future financial architecture will become more inclusive. BlackRock defines this deep integration across asset classes as the ‘Great Integration.’
This month, cryptocurrency investors have participated in SpaceX IPO-related activities through pre-IPO perpetual futures and tokenized stocks. These products allow users to speculate on the valuation of private companies before their public offerings, further breaking down the barriers between public and private markets. The trading volume of pre-IPO perpetual futures soared from about 1 billion US dollars in early May to nearly 22 billion US dollars within a few weeks.”
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