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.