Although the crypto universe continues to fly higher, with Ethereum in particular roaring to new highs practically every day…
... the equities that have tied their fates to crypto are, strangely, not playing along. For example, the two below:
MicroStrategy Incorporated (NASDAQ:MSTR):
Riot Blockchain Inc (NASDAQ:RIOT):
I also consider Tesla (NASDAQ:TSLA) to be very much tethered to crypto, since it has made a big investment in Bitcoin, and Elon Musk is always shouting about Dogecoin.
And, wherever Tesla Goes, ARK Innovation ETF (NYSE:ARKK) is bound to follow.