On October 7, Kraken co-CEO Arjun Sethi said in an interview with CNBC that a new rotation of capital is emerging in the crypto market, with investor interest expanding beyond traditional spot markets to perpetual futures, pre-IPO companies, and tokenized stocks. Stocks linked to the AI boom are attracting particular attention. Sethi believes open, permissionless on-chain markets can give global investors exposure to assets that were previously restricted by geography and traditional financial infrastructure.