Crypto IPO Season Started After Circle’s NYSE Success

Key takeaways:

• Circle’s IPO was a success, with CRCL soaring almost 290% and sparking renewed investor interest.

• New IPO filings from Gemini and Bullish signal growing momentum, and more crypto-native firms may prepare to enter public markets.

• While not every listing will deliver explosive returns, crypto’s growing presence in equity markets marks a major milestone for the industry.

Since the beginning of 2025, IPOs from crypto companies have been piling up. In May, Israeli exchange eToro and Delaware-based financial services firm Galaxy Digital made…