Cathie Wood’s Ark Invest has sold a combined $109.6 million worth of shares in Circle (CRCL) across three of its ETFs, capitalizing on the stablecoin issuer’s continued stock surge following its recent IPO.
According to Ark’s latest trade filing, the firm unloaded a total of 415,844 Circle shares on Monday:
- ARK Innovation ETF (ARKK): 306,921 shares
- ARK Next Generation Internet ETF (ARKW): 72,302 shares
- ARK Fintech Innovation ETF (ARKF): 36,621 shares
The divestment comes as Circle’s stock extended its rally for a third straight session, closing up 9.6% at $263.45, with an additional 2.7% gain in after-hours trading.
Circle’s Market Cap Briefly Overtakes Coinbase
The strong performance has been driven by investor enthusiasm over Circle’s position at the core of the growing stablecoin and tokenized finance ecosystem.
Ark Invest’s move appears to be a strategic trim following sharp short-term gains. The firm remains a high-profile supporter of crypto-related equities but often rebalances its positions following major rallies.
With CRCL now trading significantly above its IPO price, Ark’s decision may signal short-term caution, even as long-term sentiment around stablecoin infrastructure remains strong.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/cathie-woods-ark-invest-sells-109m-in-circle-shares/