Rotation into Crypto Equities Accelerates
Investors are piling into crypto-related stocks over tokens:
• Circle’s IPO jumped 124%, signaling strong demand for stablecoin exposure.
• Robinhood rallied 25% after announcing tokenized stocks and its own blockchain.
• Coinbase gained 45% following its US perps launch and S&P 500 inclusion.
• But not all benefited — SharpLink crashed 78% despite becoming the largest public ETH holder.
The trend highlights a key flaw in token design: most don’t offer real ownership, unlike equities.