Some investors in crypto-tied stocks are already partying like former President Donald Trump is on his way back to the White House. Such an outcome would by no means be surprising, but investors might be getting ahead of themselves.

This month, some crypto-related investments have gone gangbusters. The Valkyrie Bitcoin Miners exchange-traded fund, whose portfolio includes Riot Platforms and Hut 8, has surged 14%. Trading platform Coinbase Global is up 12%, and enterprise software company MicroStrategy — which has borrowed billions of dollars to invest in bitcoin — is up 27%.