Coinbase Stock ROI Outperforms Top Bitcoin Funds

Crypto News: The global crypto industry took an optimistic leap last week as Ripple registered a partial win in the legal tussle with U.S. Securities and Exchange Commission (SEC). However, Coinbase Global Inc (NASDAQ: COIN) stock price surge has still managed to beat any major crypto linked funds over the past month.

Coinbase Outperforms BTC?

According to data provided by Kaiko, Coinbase ($COIN) is the second biggest gainer among the Bitcoin linked stocks and investment vehicles. Coinbase stock price recorded a return of more than 65% since 15 June 2023. $COIN price is trading at an average price of $106.19, up by 1.5% in the last 24 hours, at the press time.

The Valkyrie Bitcoin Miners ETF (Nasdaq: WGMI) is the biggest gainer registering a surge of 66% since mid June 2023. Valkyrie Bitcoin Miners ETF is up by 1.4% in the last 24 hours. It is trading at an average price of $17.01, at the press time.

Grayscale Bitcoin Trust (OTCMKTS: GBTC) is also shown a good recovery over the past 30 days. GBTC managed to jump by around 50% since mid June. Its price is up by 1.17% in the last 24 hours, while it is trading at an average price of $19.94, at the press time.

Bitcoin (BTC), the biggest crypto managed to hold the crucial $30k price barrier over the past few weeks. As per the data, Bitcoin price jumped by more than 20% since 15 June. However, this surge is 3 times less than what Coinbase registered. BTC is trading at an average price of $30,017, at the press time.

XRP has emerged as the biggest gainer as it’s price jumped by more than 65% in the last 30 days.