Bitcoin Price Rises. This Could Be the Next Big Crypto IPO After Success of Circle Stock. — Barrons.com

By George GloverBitcoin was edging higher on Monday. After a strong week for cryptocurrencies as an asset class, more good news could be on the way soon.The world's largest token was up 0.2% over the past 24 hours, according to data from CoinDesk. It's now trading about 6% below the record high it hit last month.Circle Internet Group, which issues the USD Coin, a cryptocurrency that's pegged to the dollar, made a stellar stock-market debut last week, surging 168% on Thursday — its first session trading — and then another 29% Friday. Its shares were up another 13% ahead of Monday's opening bell.Circle's successful initial public offering could be a sign that investors want more exposure to digital assets. Crypto exchange Gemini, which was founded by Cameron and Tyler Winklevoss in 2014, said Friday in a statement that it had filed confidential paperwork with the Securities and Exchange Commission for an IPO of its own.Other tokens were trading mixed on Monday. Ethereum slipped 1%, but Solana and XRP were both up 0.8% over the past 24 hours, per data from the crypto exchange Kraken.Write to George Glover at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.