Ledger Plans NYC IPO Amid Rising Crypto Thefts and ETF Outflows

2025-11-10 16:32

Ledger, a leading hardware wallet provider, is reportedly planning an initial public offering (IPO) in New York, driven by significant revenue growth and the management of over $100 billion in digital assets. This strategic move comes as the crypto industry faces a $2.2 billion increase in thefts this year. In parallel, Bitcoin exchange-traded funds (ETFs) experienced approximately $1.2 billion in outflows over the past week, despite Bitcoin's price rising by 4.4%. Meanwhile, Solana-focused ETFs saw $137 million in inflows, and both Dogecoin and XRP benefited from increased ETF-related interest and institutional investments.

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