Ark Invest reduces Circle stake, dumps nearly $97M in stock
The post Ark Invest reduces Circle stake, dumps nearly $97M in stock appeared on BitcoinEthereumNews.com. Cathie Wood’s Ark Invest has sold nearly $97 million worth of shares in Circle Internet Group Inc. over two consecutive days this business week, reducing its position in the stablecoin issuer just as its stock surged by almost 40% in the past five days. Ark Invest’s latest sale on Tuesday amounted to $44.76 million in CRCL shares, following a $51.7 million divestment on the previous day. Altogether, Ark Invest sold 342,658 Circle shares, split across three of its actively managed exchange-traded funds (ETFs), including the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). According to fund disclosures, ARKK offloaded 196,367 shares, ARKW sold 92,310 shares, and ARKF trimmed 53,981 shares from its holdings. Despite the sizable reduction, Ark holds a substantial stake in the USDC issuer, with over 4.15 million shares valued at approximately $628 million, well above its initial $373 million investment. Ark Invest sells Circle shares after recent rally The selloff came as Circle’s stock, trading under the ticker CRCL, closed Tuesday at $154. The company’s shares have staged an explosive rally since debuting at $31 on June 5, 2025. Within just over two weeks, CRCL surged by nearly 387%, reaching a high of $165.60. Ark’s move to reduce exposure came after the US Senate passed the bipartisan GENIUS Act, a comprehensive framework regulating stablecoin issuers on June 17. The legislation is seen as a positive development for companies like Circle, whose operations were limited due to the previously “unfriendly” regulatory environment. Late Tuesday, Circle CEO Jeremy Allaire praised the bill in a post on X, calling it a “genius” piece of legislation. It’s truly GENIUS https://t.co/0fClY524Ii — Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) June 17, 2025 Ark Invest reduced its Circle stake, but it has simultaneously increased its…
The post Ark Invest reduces Circle stake, dumps nearly $97M in stock appeared on BitcoinEthereumNews.com.
Cathie Wood’s Ark Invest has sold nearly $97 million worth of shares in Circle Internet Group Inc. over two consecutive days this business week, reducing its position in the stablecoin issuer just as its stock surged by almost 40% in the past five days. Ark Invest’s latest sale on Tuesday amounted to $44.76 million in CRCL shares, following a $51.7 million divestment on the previous day. Altogether, Ark Invest sold 342,658 Circle shares, split across three of its actively managed exchange-traded funds (ETFs), including the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). According to fund disclosures, ARKK offloaded 196,367 shares, ARKW sold 92,310 shares, and ARKF trimmed 53,981 shares from its holdings. Despite the sizable reduction, Ark holds a substantial stake in the USDC issuer, with over 4.15 million shares valued at approximately $628 million, well above its initial $373 million investment. Ark Invest sells Circle shares after recent rally The selloff came as Circle’s stock, trading under the ticker CRCL, closed Tuesday at $154. The company’s shares have staged an explosive rally since debuting at $31 on June 5, 2025. Within just over two weeks, CRCL surged by nearly 387%, reaching a high of $165.60. Ark’s move to reduce exposure came after the US Senate passed the bipartisan GENIUS Act, a comprehensive framework regulating stablecoin issuers on June 17. The legislation is seen as a positive development for companies like Circle, whose operations were limited due to the previously “unfriendly” regulatory environment. Late Tuesday, Circle CEO Jeremy Allaire praised the bill in a post on X, calling it a “genius” piece of legislation. It’s truly GENIUS https://t.co/0fClY524Ii — Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) June 17, 2025 Ark Invest reduced its Circle stake, but it has simultaneously increased its…
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