BitGo IPO has taken center stage in a busy week for cryptocurrency markets, as the institutional custodian filed for a public offering while the collapsed FTX exchange announced a $1.6 billion third creditor distribution.
The recovery trust for FTX confirmed on Friday that four creditor groups will receive payouts on September 30, with distributions ranging from 78% to 120% of their holdings’ original value. This latest installment exceeds initial expectations and underscores the progress of the exchange’s bankruptcy resolution after its dramatic 2022 collapse.
Meanwhile, BitGo advanced its own milestone by submitting an S-1 registration statement to the U.S. Securities and Exchange Commission. The filing reveals plans to list Class A common stock on the New York Stock Exchange under the ticker BTGO. Financial disclosures show the firm generated an impressive $4.19 billion in revenue during the first half of 2025, strengthening its case for a market debut and signaling robust demand for regulated crypto infrastructure.
“We believe that the digital asset ecosystem is at an inflection point, and our public listing will support our mission to build the trust layer for institutional crypto,” BitGo stated in its official S-1 filing.
The twin developments—FTX’s accelerated creditor repayments and the BitGo IPO—underscore a broader trend of institutional confidence returning to digital assets. As bankruptcies unwind and established firms enter public markets, investors may view these moves as signs of a maturing industry ready for tighter regulatory frameworks and mainstream capital participation.
