Canaccord Report: crypto industry recovers from consolidation phase after FTX crash and returns to growth mo

The crypto asset industry has recovered from the consolidation phase following the collapse of the FTX exchange and returned to growth mode over the past year, according to a research report by Canaccord. The report cites the launch of spot ETFs for bitcoin and ethereum in the U.S. this year as a positive driver of the crypto market, pushing for wider institutional adoption of digital assets.Canaccord expects allocations to cryptocurrencies to continue to increase in institutional portfolios. Additionally, MicroStrategy's stock price has risen approximately 325% over the past year, outperforming most asset classes.