Fu Peng: Crypto Investors Are Rapidly Embracing Traditional Assets; the “Great Convergence” Is Reshaping the Boundaries of Financial Markets

Svmuu News: Fu Peng posted on the X platform, stating: “Many Bitcoin holders who have long been confined to the digital asset ecosystem are using this channel to invest in S&P 500 ETFs and AI-related funds for the first time. This trend is shifting the focus of market discussions from ‘opposition’ to ‘complementarity,’ signaling that the future financial architecture will be more inclusive. BlackRock has defined this deep integration across asset classes as the ‘Great Convergence.’ 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 prior to a public offering by publicly traded companies, further breaking down the barriers between public and private markets.Trading volume in pre-IPO perpetual futures surged from approximately $1 billion in early May to nearly $22 billion within a few weeks.”