Last week, Ripple had a partial win in its legal battle with the SEC, which boosted the global crypto industry. However, Coinbase's stock price surge has outperformed major crypto-linked funds in the past month, according to data from Kaiko.

Since mid-June, Coinbase's stock price has increased by over 65%, making it the second biggest gainer among Bitcoin-linked stocks and investment vehicles.

The Valkyrie Bitcoin Miners ETF is the biggest gainer, with a surge of 66% since mid-June, while Grayscale Bitcoin Trust has also shown good recovery over the past 30 days, jumping by around 50%.