Broker Canaccord: The crypto industry has recovered from the FTX collapse and expects institutions to increase their allocation to cryptocurrencies

BlockBeats news, August 29, according to CoinDesk, broker Canaccord said in a research report on Wednesday that the crypto industry has recovered from the collapse of FTX in November 2022 and resumed growth in the past year. The launch of spot ETFs in the United States has led to a wider adoption of crypto assets by institutions, and institutional allocations to cryptocurrencies are expected to increase.