Crypto investors are increasingly diversifying into traditional financial products, according to Fu Peng. Many Bitcoin investors are now allocating funds to S&P 500 ETFs and AI-themed funds, reflecting a shift towards integrating traditional and digital assets. This trend, dubbed the "Great Convergence," suggests a move towards a more inclusive global financial system.
The crypto industry is also innovating to bridge investment gaps between public and private markets. Notably, crypto investors have engaged in SpaceX-related IPO trading through pre-IPO perpetual futures and tokenized stocks. This market has seen a significant surge, with trading volumes rising from $1 billion in early May to nearly $22 billion recently.
Crypto Investors Shift to Traditional Finance Amid 'Great Convergence'
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