Bullish stock surged by over 80% following its IPO listing on Wednesday. While the listing was priced at $37 per share, the stock closed at about $68 per share.

The market rally stalled a bit off the back of hotter-than-expected inflation data. But investors aren't panicking. Why it matters: Investors see the price pressures as proof that consumers can handle more — and that companies can cash in.

It's been a busy year for crypto-related stock listings. Bullish, founded in 2021 and backed by Peter Thiel, is the latest.