Crypto Exchanges Eye $2T Equity Inflows as SpaceX–Anthropic IPOs Loom

Crypto exchanges are facing a potential $2T equity flow that could push nearly 300M new investors into global stock markets by 2031. A base-case model starts from the global crypto user base (anchored by Bitcoin holders), then applies exchange coverage, eligibility, and adoption to estimate incremental equity participation. A bullish scenario claims up to $5T in annual equity inflows within five years. In parallel, two major AI-linked IPOs filed paperwork in the same week. SpaceX launched its IPO roadshow targeting a reported $75B raise, planning a June 12 Nasdaq debut under ticker SPCX. Anthropic confidentially filed with a reported $965B valuation. They also have a financial link: Anthropic pays SpaceX about $1.25B per month for access to 325,000 Nvidia GPUs via SpaceX’s Colossus facilities. On the crypto-native side, on-chain data shows BANK released ~52.5B new tokens within an hour—an early unlock tied to team/seed investors. Traders are scrutinizing whether this issuance was fully pre-disclosed, since faster token supply expansion can trigger sell pressure and distort circulating supply expectations. The article also highlights a regional equity gap: about 62% of Americans hold stocks, while non-US equity participation is under 20%. Early exchange-based stock onboarding reportedly drew ~93% of initial users from emerging markets where brokerage access has been restricted. For traders, the headline is clear: crypto exchanges are positioning as a bridge to traditional equity capital, while token emission events like BANK’s unlock can still drive sharp, project-specific volatility.