Crypto IPO Boom Fades: Only Circle and Galaxy Digital Show Profits, as eToro Drops 40%
October 30, 2025 · 8:40 PM
Investor enthusiasm for cryptocurrency IPOs in 2025 has been tempered by disappointing market performance. While Circle Internet Financial and Galaxy Digital have seen gains of about 63% since their IPOs, other companies like eToro, Gemini, and Bullish have experienced significant stock price declines, with eToro losing over 40% of its value. This mixed performance highlights the need for cautious and selective investing in the crypto IPO market.
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