In a significant development for the cryptocurrency sector, Circle, Bullish, and eToro have successfully launched their initial public offerings (IPOs) on major stock exchanges in 2025. Circle's debut on the New York Stock Exchange was marked by three trading halts due to overwhelming demand. Meanwhile, Bullish made its entry on Nasdaq following a previously unsuccessful SPAC merger attempt. eToro's IPO valued the company at $5.4 billion. Adding to the momentum, Kraken has filed for a $20 billion IPO after securing $800 million in funding. This wave of public listings highlights a resurgence of interest from Wall Street, driven by strong retail demand and a recovering IPO market environment.