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

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.

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