Notable IPOs have finally started hitting the tape in 2025, reflecting a meaningful shift in sentiment. Both CRCL and CRWV shares are up from their initial debuts, though CRCL has seen much of its IPO gains evaporate.

In this video, Ira Epstein discusses the current state of the SPDR ETF stock market, noting that a correction phase is occurring as of November 6th, 2025.