3 Upcoming Crypto IPOs to Watch After Circle and Bullish’s Wall Street Debuts

Crypto IPOs are capturing Wall Street’s attention after Circle and Bullish delivered blockbuster debuts, signaling investor appetite for firms offering access to digital assets without direct token exposure.

Circle and Bullish Set the Stage

Circle (CRCL), the issuer of USD Coin (USDC), has surged more than 400% since its IPO, reflecting strong confidence in its role within global payments and stablecoins. Meanwhile, Bullish (BLSH), a digital asset exchange backed by Peter Thiel and Block.one, nearly doubled in value post-listing.

These standout performances highlight the rising demand for crypto-native firms positioned at the infrastructure and services layer rather than speculative tokens.

Grayscale, Gemini, and BitGo Line Up

Now, three major players are preparing to follow:

• Grayscale Investments – Known for its Bitcoin Trust (GBTC), Grayscale is eyeing an IPO to expand institutional access to crypto investment products.

• Gemini – The exchange founded by Cameron and Tyler Winklevoss, is pursuing a public listing to boost its competitive edge amid growing exchange regulation.

• BitGo – A leading custodian for digital assets, BitGo’s IPO plans are expected to cater to institutional demand for secure custody and compliance-first services.

Why Investors Are Watching

These IPOs come at a time when regulators are warming up to digital asset infrastructure, and institutional investors are seeking exposure to crypto growth without holding volatile coins directly.

If Circle and Bullish are any indication, demand for shares in upcoming crypto IPOs could be robust. Market watchers believe Grayscale, Gemini, and BitGo could replicate—or even surpass—the momentum seen earlier this year.

The Bigger Picture

With banks like Citi and Goldman Sachs also moving into digital asset custody, the upcoming wave of crypto IPOs suggests a new competitive era where fintechs and institutions converge. The performance of these listings will be a critical barometer of Wall Street’s confidence in digital assets as long-term infrastructure.

#CryptoIPOs#InvestingDigitalAssetsfintechWallStreet