#BullishIPO Circle or Bullish: Which Crypto Stock Is Best After Their Blockbuster IPOs?

The 2025 IPO market is booming, with crypto stocks like Circle Internet Group (CRCL) and Bullish (BLSH) riding pro-crypto policies and investor hype.

Circle’s June IPO soared 400%, while Bullish’s August debut raised $1.1 billion, spiking 176% to a $15 billion valuation.

With more crypto IPOs looming, investors must decide if CRCL or BLSH offers the better investment opportunity.

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The crypto sector has seen a renaissance, fueled by pro-crypto policies like the Trump Administration’s stablecoin regulatory framework, driving valuations skyward. Circle Internet Group (NYSE:CRCL), issuer of the USDC stablecoin, debuted on the NYSE in June, soaring 300% since listing. Bullish (NYSE:BLSH), a Peter Thiel-backed crypto exchange, followed in August, raising $1.1 billion and spiking 176% on its first trading day to a $15 billion market cap