Crypto Equities Lagging Behind Major Cryptocurrencies
Crypto-related stocks such as MicroStrategy (MSTR) and Coinbase (COIN) have experienced significant declines, underperforming Bitcoin and Ethereum. These stocks exhibit high volatility, with a "high beta" to major crypto assets. Digital asset treasury companies are particularly sensitive to the value of their crypto holdings.
Despite recent dips, analysts like Ryan Rasmussen of Bitwise remain optimistic about the long-term prospects for crypto IPOs due to considerable pent-up demand.