According to @DavidCohne, despite significant growth from Capital Group and Pimco in California, Boston continues to dominate the active fund management sector, overseeing $2.3 trillion in stock and bond assets, with Fidelity Investments responsible for half of this total. This concentration of traditional asset management power in Boston directly impacts the cryptocurrency market by shaping institutional capital flows, risk appetite, and allocation strategies, as reported by Eric Balchunas on May 23, 2025.

According to Eric Balchunas, bond mutual funds have faced their worst outflow week since the COVID-19 pandemic, with $31 billion withdrawn. This situation remains manageable but is drawing attention due to the significant role these funds play in the financial markets. Major fund managers like Pimco, Vanguard, and Fidelity are particularly watched as halting redemptions could have significant implications. [Source: Eric Balchunas Twitter]