Crypto-Crowd Left Out

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Although the crypto universe continues to fly higher, with Ethereum in particular roaring to new highs practically every day……….

slopechart ETH

…….the equities which have tied their fates to crypto are, strangely, not playing along. For example, the two below, MicroStrategy and Riot Blockchain:

slopechart MSTR
slopechart RIOT

I also consider Tesla to be very much tethered to crypto, since it has made a big investment in Bitcoin and Elon is always shouting about Dogecoin.

slopechart TSLA

And, wherever Tesla Goes, ARKK is bound to follow.

slopechart ARKK