Crypto-related stocks like Strategy and Coinbase have recently underperformed compared to Bitcoin and Ethereum. Both companies saw their shares drop significantly, with Strategy reaching its lowest shares since April. In a broader context, these declines correspond with recent market pullbacks and uncertainty stemming from economic factors, such as interest rates and tariffs. Despite a slight rebound on a particular Wednesday, MSTR and COIN stocks are down nearly 20% and 27%, respectively, over the last month. Analysts highlight that crypto equities typically carry a high beta when compared to major cryptocurrencies, making them particularly volatile. Additionally, recent crypto IPOs have also experienced losses, with Bullish losing nearly 50% since its market debut. That said, investors are still hopeful for a rebound, driven by a backlog of demand in the crypto investment space as companies like Coinbase have shown resilience in past downturns.

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