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Crypto-Focused SPAC Companies Are Outperforming Their Peers

  • Several crypto shops are aiming to list this year via SPAC
  • Core Scientific, Cipher, Bakkt outpaced group index this year
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Going public through a blank-check company is a bet that seems to have paid off only for crypto companies so far this year.

Monex Group’s Coincheck Inc. was the latest to agree to a reverse-merger with a special purpose acquisition company, making it the 10th crypto firm to announce such a deal since last year. Others, including stablecoin operator Circle and mining companies BitFuFu and Bitdeer are still eyeing a U.S. listing this year.