📌 BitGo debuts on the NYSE and rises +24%: the market is rewarding "crypto infrastructure"

BitGo, a crypto custody firm, debuted on the NYSE with a rise of +24.6% to $22.43, valuing the company at around $2.59B. The IPO raised approximately $212.8M, above the expected range.

Why does this matter for the crypto market?

✅ Reinforces that institutional capital is returning… but selectively

✅ Custody, compliance, and infrastructure are being rewarded, not just "hype"

✅ Shows that the "crypto IPO window" is cautiously reopening

👉 Do you think this cycle will be more about infrastructure than "altseason"?

$BTC $ETH #CryptoMarket #Institutional #CryptoInfrastructure