The surge of crypto SPACs is drawing comparisons to the ICO era

Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.

Quick Take

  • SPACs are getting popular in the crypto industry, with Bakkt, Circle and Bullish leading the way.
  • To some industry insiders, the trend looks similar to the beginning of the ICO era.
SPACs are hot in crypto right now among crypto startups, and that has some market participants concerned about frothiness.
accessprotocol.co

Subscribe for Premium Content

To unlock this and other Premium content, subscribe via Access Protocol. You can pay with SOL.

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on