付鹏: Crypto investors are accelerating their embrace of traditional assets, with the "Great Fusion" reshaping the boundaries of financial markets

Odaily reported that Fu Peng posted on the X platform: "Many long-term Bitcoin holders, who were previously confined to the digital asset ecosystem, are now using this channel to allocate to S&P 500 ETFs and AI-related funds for the first time. This trend is shifting the market discussion from 'confrontation' to 'complementarity', indicating that the future financial architecture will be more inclusive. BlackRock defines this deep cross-asset-class integration as the 'Great Fusion.'"

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. Trading volumes of pre-IPO perpetual futures surged from approximately $1 billion in early May to nearly $22 billion within just a few weeks.