CRCL Shares Surge On First Trading Day

Listed under the CRCL ticker on the New York Stock Exchange, Circle’s stock opened at $31 and soared to close at $82 — marking a 167% gain by end of day. At one point during trading, it was up 235%, a clear signal of strong appetite for stablecoin-related investments.

To meet the overwhelming interest, Circle increased its IPO offering to a total of $1.05 billion, with 34 million shares hitting the market.

BlackRock, ARK Drive Institutional Demand

Much of the demand was driven by the involvement of institutional giants. On May 28, BlackRock revealed interest in taking a 10% stake in the IPO. At the same time, Cathie Wood’s ARK Investment was reportedly looking to buy $150 million worth of shares.

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Circle is best known as the issuer of USDC, the dollar-backed stablecoin. Though the IPO was in preparation for months, the company had previously postponed plans due to macroeconomic concerns such as trade wars.

Backlash From Arca Sparks Controversy

Despite the fanfare, not everyone was satisfied. In a now-deleted post on X, Arca CIO Jeff Dorman criticized Circle for only allocating $135,000 worth of shares to Arca — despite the firm being an early supporter.

“I cannot believe our years of support led to this throwaway allocation,” Dorman wrote. “We left Wall Street to support crypto-native projects, and now you’ve come full Circle.”

His comments highlighted deeper tensions between crypto-native firms and traditional finance mindsets returning to dominate the space.

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In an interview with Bloomberg, Wood mentioned that Trump’s administration’s deregulation policies could ease previous regulations that hindered private company buyouts, creating new opportunities for startups.

Wood forecasts that M&A activity will increase rapidly under Trump’s presidency, predicting these changes will create opportunities for venture-backed startups and allow the market to engage more transparently in price discovery for new companies.

Bitcoin Price Prediction of $1 Million

Wood also shared a highly optimistic prediction for Bitcoin (BTC). She expects the cryptocurrency to exceed $1 million by 2030, attributing this bullish outlook to BTC’s fixed supply and greater scarcity compared to gold.

Wood highlighted the differences between Bitcoin and gold, stating that when gold prices rise, its production increases, but this does not happen with Bitcoin, which makes BTC even more scarce.

Trump Administration and Crypto Market

Wood believes the Trump administration will be crypto-friendly and will have a significant impact on the future of cryptocurrencies, especially Bitcoin. Federal Reserve Chair Jerome Powell has described Bitcoin as digital gold, which aligns with Wood’s optimistic outlook.

Wood also anticipates that the appointment of Paul Atkins as SEC Chair will further accelerate the growth of the crypto market in the U.S.

Fed Rate Decisions and Market Impact

Federal Reserve member Mary Daly stated that next year’s rate cuts would be lower than expected, and a more cautious approach would be adopted before any further cuts are made.

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