Cointelegraph Research has released its monthly “Investor Insights Report,” analyzing the effects of BlackRock’s spot Bitcoin ETF filings on various sectors of the crypto industry. The news of BlackRock’s application led to a significant price increase for Bitcoin, suggesting renewed institutional interest in cryptocurrencies. The report examines how different sectors reacted to this bullish news.
While crypto-related stocks, especially mining ventures, experienced immediate benefits, other sectors closely associated with altcoins, such as decentralized finance (DeFi), remained unaffected in the bear market.
Zk-Rollups race heating up ahead of next bull run
The report highlights the competition among zk-Rollup-based scaling solutions for Ethereum. Zero-knowledge (ZK) rollup technology, which enables summarized transaction batches and smart contract executions on the blockchain, is expected to drive innovation in this market cycle. In terms of growth in total value locked (TVL), Polygon zkEVM outperformed zkSync and Starknet in June, attracting major DeFi protocols like QuickSwap, Balancer, and SushiSwap.
Security tokens market chugs along unperturbed
The security tokens market demonstrated steady growth throughout the bear market, undeterred by ETF filings. During the first half of the year, the market capitalization of security tokens increased from $14.93 billion to $16.76 billion. This growth was driven by notable deals and security token offerings (STOs). Although controversial in the crypto community, the tokenization of real-world assets holds potential for driving trillions of dollars to blockchains, according to predictions by banks like Citigroup and Bank of America.
Cointelegraph Research’s Investor Insights Report covers these sectors comprehensively, providing valuable insights into lesser-known areas of the crypto industry. The report is authored by a team of experts with academic rigor and practical experience, ensuring accurate and insightful content.
Overall, the report highlights the growing interest in institutional investment through spot Bitcoin ETFs, the competition among Ethereum scaling solutions, and the steady progress of the security tokens market. These trends indicate the potential for significant growth and innovation within the crypto industry.