TechFlow news, July 1 — According to the latest report from 10x Research, crypto-related stocks have risen 119% year-to-date, outperforming Bitcoin and nearly all major asset classes. Wall Street is actively backing a new wave of digital asset companies, with over $100 billion in crypto-related IPOs expected to enter public markets in 2025.
Circle, the crypto payments company, now has a market capitalization of $41 billion and a share price of approximately $180, far exceeding the $80 target set by JPMorgan and Goldman Sachs analysts. While 2024 has been defined by inflows into Bitcoin ETFs, 2025 could become the "year of crypto stocks."
In addition to companies preparing for IPOs, already-public crypto-related stocks such as Coinbase, Galaxy, and MicroStrategy are also poised to benefit. Robinhood currently derives 30% of its revenue from crypto operations, and this proportion may increase further as it rolls out tokenized stocks in Europe.
Analysts believe that as Wall Street begins covering and promoting these crypto stocks, they will gradually become part of institutional portfolios and could even form an entirely new sector within the S&P 500 index.
