The rotation to crypto equities is accelerating
• Circle's IPO gained 124% showing appetite for stablecoin exposure.
• Robinhood soars 25% as it expands into crypto with tokenized stocks and its own chain.
• Coinbase surges 45% after its US perps announcement and S&P 500 inclusion.
• Not all equity wins. SharpLink crashed 78% despite becoming largest public ETH holder.
The results show a flaw in token structures. Equity offers real ownership rights that most tokens lack.

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