Canaccord report: The cryptocurrency industry has recovered from the consolidation phase following the FTX collapse and has returned to a growth mode

ChainCatcher news, according to CoinDesk, a research report from Canaccord indicates that the crypto asset industry has recovered from the consolidation phase following the collapse of the FTX exchange over the past year and has returned to a growth mode.

The report mentions that the launch of Bitcoin and Ethereum spot ETFs in the U.S. this year has been a positive driving force for the crypto market, promoting broader institutional adoption of digital assets.

Canaccord expects that the allocation of cryptocurrencies in institutional portfolios will continue to increase. Additionally, MicroStrategy's stock price has risen by approximately 325% over the past year, outperforming most asset classes.