NASDAQ Eyes Near 24/7 Trading as BlackRock Urges Crypto Allocation for Asset Managers
NASDAQ is reportedly preparing to extend trading hours toward a near 24/7 schedule, a structural shift that could align traditional markets more closely with crypto market infrastructure. Separately, BlackRock and other large asset managers have publicly stated that institutional portfolios should carry at least a 1-2% allocation to crypto assets.
NASDAQ is reportedly in preparation to extend its trading hours to a near 24/7 schedule, representing a significant structural evolution in traditional equity markets. This move would bring conventional financial market hours closer in line with the always-on nature of crypto and digital asset markets.
BlackRock, the world's largest asset manager, along with other major institutional managers, has indicated that portfolios should carry a minimum crypto allocation in the range of 1-2%. More aggressive portfolio strategies, according to some managers, may warrant even higher allocations.
These two developments together represent a broader institutional convergence toward digital asset infrastructure and participation. For the XRP ecosystem, growing institutional appetite for crypto allocations and extended traditional market hours could increase demand for regulated, liquid digital assets used in institutional settlement.
Key facts
- •NASDAQ is preparing to move toward near 24/7 trading hours
- •BlackRock has stated crypto should represent at least 1-2% of institutional portfolios
- •Some aggressive portfolio managers are considering allocations above 2%
- •These trends reflect broader institutional convergence with digital asset markets