The impressive growth contrasts sharply with Bitcoin, which saw a modest gain of less than 15% during the same period.
10x Research noted that the growth of crypto equities signals Wall Street’s increasing interest in the emerging industry due to the favorable regulatory environment in the US.
Considering this, the analysts concluded:
“While 2024 was defined by Bitcoin ETF inflows, 2025 is shaping up to be the year of crypto equities. This includes not only the wave of IPOs expected to follow Circle’s momentum, but also already-listed crypto-related stocks—from miners, to diversified firms like Coinbase and Galaxy, to treasury-heavy companies such as MicroStrategy and Metaplanet.”
