– Bullish’s NYSE IPO surged 90%, closing at $70 with a $13.2B valuation, far exceeding its $37/share initial pricing.
– The $1.1B fundraising, driven by strong institutional demand and favorable regulations, highlights crypto’s growing institutional adoption.
– Regulatory progress, including a pending New York BitLicense and Genius Act support, boosts investor confidence in crypto compliance.
– Backed by NYSE ex-president Tom Farley and Peter Thiel, Bullish’s success may encourage more crypto firms to pursue traditional market listings.
