#BullishIPO Bullish Exchange made a sensational entry on Wall Street with its IPO, raising over $1.1 billion thanks to an initial price of $37 per share, well above expectations. The company, backed by prominent investors like Peter Thiel and owner of CoinDesk, reached a valuation of approximately $5.4 billion, confirming its position among the key players in the crypto sector. The stock (ticker: BLSH) started strong on the NYSE, hitting $118 before stabilizing around $70, with a market capitalization nearing $10 billion. Market interest has been fueled by the positive trends of Bitcoin and Ethereum as well as the favorable climate for pro-crypto regulation. Major players like BlackRock and ARK Invest have expressed their intention to invest $200 million in Bullish shares. With substantial reserves – including 24,000 BTC, 12,600 ETH, and $400 million in stablecoins – the platform positions itself as a benchmark for institutional investors and marks the beginning of a new phase for the cryptocurrency ecosystem.