Circle, Galaxy Are The Only Crypto IPOs In Profit As eToro Sinks 40% Since Debut

Benzinga_recent_news10-30

The crypto IPO boom of 2025 has turned into a reality check for investors. Circle Internet Financial (NYSE:CRCL) and Galaxy Digital (NASDAQ:GLXY) have emerged as rare winners, while eToro (NASDAQ:ETOR...

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Circle Internet Financial (NYSE:CRCL) and Galaxy Digital (NASDAQ:GLXY) have emerged as rare winners, while eToro (NASDAQ:ETOR...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/25/10/48524756/circle-galaxy-are-the-only-crypto-ipos-in-profit-as-etoro-sinks-40-since-debut\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1668664300.SGD","symbol_name":"Blackrock World Financials A2 SGD-H","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/25/10/48524756/circle-galaxy-are-the-only-crypto-ipos-in-profit-as-etoro-sinks-40-since-debut","article_id":"2579141064","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/10/30/Circle-Internet-Group.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/crypto/cryptocurrency/25/10/48524756/circle-galaxy-are-the-only-crypto-ipos-in-profit-as-etoro-sinks-40-since-debut","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2579141064","pubTimestamp":1761826980,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Circle and Galaxy lead 2025 crypto IPO winners as eToro, Bullish, and Gemini struggle with fading retail demand and compliance hurdles.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","PSQ":"做空纳斯达克100指数ETF-ProShares","BK4127":"投资银行业与经纪业","QLD":"2倍做多纳斯达克100指数ETF-ProShares","USJW.SI":"ALPHAB 3xLongSG261006",".IXIC":"NASDAQ Composite","BLSH":"Bullish","TSYW.SI":"TESLA 3xLongSG261006","LU1861217088.USD":"贝莱德金融科技A2","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","BK4135":"资产管理与托管银行","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","CRCL":"Circle Internet Corp.","QID":"两倍做空纳斯达克指数ETF-ProShares","GLXY":"Galaxy Digital Holdings Ltd.","BK4112":"金融交易所和数据","USAW.SI":"AMZN 3xLongSG261006","NVIW.SI":"NVDA 3xLongSG261006","TQQQ":"纳指三倍做多ETF","BK4023":"应用软件","GEMI":"Gemini Space Station Inc","ETOR":"eToro Group Ltd.","SQQQ":"纳指三倍做空ETF","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU0106831901.USD":"贝莱德世界金融基金A2"},"translate_title":"eToro自上市以来股价下跌40%，Circle、Galaxy是唯一盈利的加密货币IPO","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLXY":1,"TQQQ":0.6,".IXIC":0.82,"GEMI":1,"USAW.SI":0.6,"BLSH":1,"TSYW.SI":0.6,"QLD":0.6,"NQmain":0.6,"QID":0.6,"NVIW.SI":0.6,"MNQmain":0.6,"SQQQ":0.6,"USJW.SI":0.6,"PSQ":0.6,"ETOR":1,"CRCL":1},"content_text":"The crypto IPO boom of 2025 has turned into a reality check for investors. Circle Internet Financial (NYSE:CRCL) and Galaxy Digital (NASDAQ:GLXY) have emerged as rare winners, while eToro (NASDAQ:ETOR) and others are learning how quickly market enthusiasm fades once the spotlight shifts to performance.\nAmong the five major cryptocurrency listings in 2025 — Circle, Galaxy Digital, eToro, Bullish (NYSE:BLSH), and Gemini (NASDAQ:GEMI) — only the first two have managed to stay above their debut prices as per Protos. \nBoth Circle and Galaxy Digital have climbed about 63% since their Nasdaq listings, standing out as the few names to deliver consistent post-IPO gains.\nGalaxy's U.S. listing, structured as a secondary offering rather than a traditional IPO, marked its full integration into American markets after trading for years in TSE. \nCircle, which briefly tripled from its debut level before easing lower, has become the yardstick for regulated stablecoin issuers and fintech credibility in the crypto space.\nAn investor who placed $1,000 in each of the five companies at their IPOs would now hold a portfolio worth roughly $5,260. \nThe results show modest overall progress but reveal a clear divide between companies with strong fundamentals and those still struggling to find stable ground.\neToro has been the weakest performer, losing more than 40% of its value since going public. \nIts heavy dependence on retail trading activity — once a strength during the speculative boom of 2021–2022, has turned into a drag as individual investor participation declines.\nBullish and Gemini have also dropped over 20%, as regulatory hurdles and falling exchange volumes eroded confidence. \nInvestors are now prioritizing compliance and institutional-grade operations rather than pure trading exposure.\nRead Also: Lalatech Relaunches Hong Kong IPO; H1 Revenue Grows In Double-digits \nCircle Stock Price Action (Source: TradingView)\nCRCL trades near $131, sitting within a broad descending channel that has contained price action since midyear. \nIt remains below the 20-day EMA at $134, while major resistance stands at $139, followed by heavier supply around $154, aligning with the 200-day EMA.\nOn the downside, a sustained break under $128 could open the path toward the lower channel near $100. \nThe RSI at 46 shows neutral momentum, suggesting that traders are waiting for confirmation before taking directional bets. \nA close above $139 would reestablish bullish momentum, while failure to defend the current floor could signal further consolidation into November.\nCrypto IPOs now separate winners with strong compliance from losers tied to fading retail speculation.\nCircle and Galaxy prove regulated models attract lasting confidence, while eToro's decline shows retail demand cannot sustain valuations.\nCircle's chart near $131 tests $139 resistance, a breakout that decides if it joins long-term outperformers.\nThe divide highlights how markets now reward credibility and fundamentals over hype-driven growth promises.\nRead Next: \nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2579141064","isCrawlerRequest":true}