Bullish IPO Raises $990 Million, Signals Institutional Backing for Crypto Market

Cryptocurrency exchange Bullish, backed by venture capitalist Peter Thiel, is set to list on the New York Stock Exchange (NYSE) under ticker BLSH on August 13th. This planned initial public offering (IPO) aims to raise a significant $990 million. The listing’s success has been bolstered by endorsements from prominent financial institutions like BlackRock and ARK Invest, signaling growing institutional acceptance in the crypto market.