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The crypto IPO class of 2025 are trading at bargain basement price
CoinShares started trading on the Nasdaq last week. A profitable crypto asset manager, every year since 2014, now publicly listed in the US after merging with a SPAC (Special Purpose Acquisition Company). Any other time, that would be a headline. Right now, nobody cares. You want to know how much nobody cares? chart After hitting an intraday high of $10.43 last Wednesday it’s now well under $7 and has barely any volume. That tells you more about where we are in the cycle than any chart ever could, which to me is fantastic! Cast your mind back 12 months. Crypto stocks were the hottest ticket in town. Circle went ... (full story)
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