Wall Street Crypto IPOs Could Prolong Bitcoin Bull Run: Matrixport

Bitcoin bull run could continue for another year as crypto firms’ IPO plans grabbed massive interest from Wall Street companies, according to a report by crypto research firm Matrixport.

Crypto IPO buzz continues as many crypto firms filed with the U.S. Securities and Exchange Commission (SEC) to go public.

The firms aimed to capitalize on a more crypto-friendly regulatory environment and growing investor interest.

Crypto IPOs Driving Bull Market

Circle IPO became the core pillar to support massive Bitcoin and crypto bull run in 2025. With a wave of crypto IPOs expected, Wall Street investment banks aligned to support Bitcoin price rally in order to facilitate crypto listings, reported Matixport on July 22.

Moreover, public-listed crypto companies’ stellar stock performance fueled bullish sentiment in Wall Street giants. Michael Saylor’s Strategy and Coinbase stocks rallied more than 47% and 67% amid the bull market.

Bitcoin price rally and Circle’s blockbuster listing triggered a rally in other crypto stocks such as Robinhood, Galaxy Digital, and Marathon Holdings.

The demand for new crypto listings grew as investors benefited, fueling dynamics to further extend the Bitcoin bull market.

BitGo Becomes Latest to File for IPO

On Monday, crypto custody firm BitGo confidentially filed with the SEC to pursue an IPO in the United States. It follows as the crypto custodian’s assets under custody surpassed $100 billion.

The company joined other crypto companies looking to capitalize on strong market momentum. Clearer regulation, corporate treasury adoption, and institutional inflows under the crypto-friendly Trump administration fueled a new wave of new listings.

BitGo IPO will move forward once the SEC reviews its application. The IPO will depend on regulatory approval and market conditions.

Crypto Companies Rush to File IPO

Crypto industry’s rapid growth opened floodgates for many companies to file for IPO in the United States. Galaxy Digital and eToro IPOs were oversubscribed and listed higher than their IPO price.

Billionaire Peter Thiel-backed crypto exchange Bullish updated IPO filing with the SEC. It pland to list on NYSE under the ticker “BLSH.”

On July 14, $33 billion crypto fund manager Grayscale also secretly filed for an initial public offering (IPO) with the US SEC.

The company could disclose details, including number of shares and price range, in the next filing, while the SEC reviews the registration.

On June 6, Winklevoss twins’ crypto firm Gemini filed Form S-1 with the SEC for IPO of its Class A common stock.

Experts believe crypto exchange Gemini IPO could debut at the end of Q3, with Goldman Sachs, J.P. Morgan, and Citi as principal underwriters.

Bitcoin Price Could Hit $160,000

As per historical pattern, Bitcoin price was reported to peak around mid-October. 10x Research and Matrixport analyst Markus Thielen predicted Bitcoin price to hit $133,000 following a recent breakout signal.

He anticipated a short-term consolidation before BTC price advances to $133,000, maintaining confidence in a year-end target of $160,000.

With crypto IPOs further supporting the bull run, Bitcoin price could continue to rally to $200,000 in 2026.

BTC price jumped nearly 0.19% in the past 24 hours, with the price trading at $118,218 at the time of writing. The 24-hour low and high were $116,233 and $119,603, respectively.

Furthermore, the trading volume increased by 9% in the last 24 hours, indicating a slight interest among traders.