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.

ChainCatcher news, broker Canaccord stated in a report that Iris Energy (IREN) is expected to become one of the most efficient and largest publicly listed Bitcoin mining companies, and will launch its high-performance computing (HPC) pilot project in Childress, Texas, in the second half of this year.Canaccord raised the company's target price from $12 to $15 while maintaining a buy rating. In early trading on Wednesday, Iris Energy's stock price on Nasdaq rose 1.6% to $11.06.

ChainCatcher news, according to CoinDesk, investment bank Canaccord Genuity stated in its digital asset seminar that Bitcoin ETFs are driving additional demand for the BTC spot itself, which can create a significant multiplier effect. Many retail and institutional investors will find the underlying BTC spot more attractive than ETFs, as there may be more ways to hedge and generate HODL returns as the asset class matures.Canaccord indicated that in the coming months, Bitcoin spot ETFs will be added to multiple Registered Investment Advisor (RIA) platforms and large brokerage firms, particularly sovereign wealth funds, which may have already invested in Bitcoin and are expected to see announcements from such investors in the coming months. With the new FASB accounting standards, along with ongoing inflation concerns, more companies may be encouraged to follow MicroStrategy's lead and start purchasing Bitcoin.