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SoFi Technologies and Coinbase Global shares advanced on Tuesday as capital rotated into crypto-linked fintech names, a move driven by stablecoin adoption rather than broad sector tailwinds.
SoFi stock climbed 3% to $18.83, while Coinbase shares gained 5% to $188.11.
The ARK Blockchain & Fintech Innovation ETF, or ARKF, rose 2% to $46.44 midday, outpacing the Invesco QQQ Trust, which increased 0.42% to $709.32.
This performance gap indicates the rally is specific to the crypto-fintech intersection. SoFi’s involvement in stablecoins has placed its equity in direct sympathy with the crypto complex.
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