Ethereum News Today: Bullish IPO Stock Price Triples on Strong NYSE Debut

Crypto exchange Bullish made a striking debut on the New York Stock Exchange (NYSE) on August 13, 2025, with its stock price surging more than three times the initial offering price of $37, peaking at $118 before settling around $84 by late afternoon [1]. The performance marked a 126% gain by the close of the day and underscored the continued appetite for digital asset companies in traditional financial markets. The firm’s market valuation reached approximately $12.2 billion based on its IPO filing, as outlined in regulatory disclosures [1].

Bullish, which facilitates the buying, selling, and speculative trading of digital assets, primarily targets institutional investors, differentiating itself from retail-focused platforms [1]. Its IPO follows a series of successful public market entries by other crypto-related firms, including Circle, which saw its stock triple from $31 to a peak of $299 following its NYSE listing in June, and eToro, whose shares rose 29% after its May Nasdaq debut [1]. These performances suggest a broader trend of investor confidence in the crypto sector, despite lingering regulatory uncertainties.

The firm’s CEO, Thomas Farley—who previously served as NYSE president—has emphasized the significance of this milestone, stating that the digital assets industry is entering a new phase of growth [1]. Bullish had originally pursued a public listing via a SPAC merger in 2021, but the plan was abandoned due to market volatility and the collapse of several prominent crypto firms. The current regulatory environment appears more favorable, with the U.S. Securities and Exchange Commission (SEC) approving spot Bitcoin and Ethereum ETFs in recent months and the Trump administration aligning with a more crypto-friendly stance [1].

The IPO’s success also coincides with a broader surge in the crypto market, with Ethereum surpassing $4,000 and Bitcoin reaching record highs. This environment has fueled renewed investor interest in crypto-related equities and initial public offerings [2]. Bullish’s ability to triple its IPO price reflects both the strength of the underlying market and the firm’s strategic positioning in a rapidly evolving industry.

Despite these positive signs, the firm will face the usual challenges of a newly public company, including meeting investor expectations and navigating regulatory developments. However, its strong market debut provides a promising foundation for future growth and underscores the increasing integration of digital assets into mainstream financial markets [1].

[1] https://decrypt.co/335089/bullish-stock-roars-latest-crypto-ipo-tripling-price

[2] https://www.msn.com/en-us/money/markets/ethereum-surges-past-4-000-as-crypto-market-soars-to-all-time-high-over-4-trillion/ar-AA1KjOVM