After stablecoin issuer Circle exploded 300% higher in its IPO, plenty of big players on Wall Street are taking a second look at their crypto strategies. That could very well trigger a second wave of hyper crypto institutionalization that has been building all year.

The success of Circle should lead to more crypto IPOs later this year. The contenders include Gemini, Kraken, OpenSea, and Ripple.

Wall Street ETF issuers didn’t waste a second after Circle Internet Group Inc. launched its IPO last Thursday, according to Bloomberg. Within hours of the