Bitcoin ETF

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Bitcoin slipped below $80,000 on Oct. 27 as traders reduced risk ahead of the Federal Reserve’s interest rate call tomorrow.
While the leading cryptocurrency fell to around $79,800 at press time,&nbsp;Cathie Wood’s ARK Invest yesterday&nbsp;<a href="https://www.theblock.co/news/markets/2026-10-27-ark-invest-buys-5-2-million-of-circle-shares-sells-15-9-million-of-its-own-bitcoin-etf-as-btc-grinds-lower-431838" rel="noopener noreferrer nofollow">trimmed exposure to its Bitcoin ETF</a> while buying more shares of the stablecoin giant Circle Internet Group (NYSE: CRCL).&nbsp;
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 How Cathie Wood became one of crypto’s earliest believers (3:41)
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ARK has not said Bitcoin’s recent decline motivated the trades, and the transactions do not indicate a reversal of Wood’s <a href="https://www.ark-invest.com/big-ideas-2026" rel="noopener noreferrer nofollow">long-standing bullish Bitcoin view</a>.
<a href="https://www.thestreet.com/crypto/retail/mcrib-is-back-and-fans-are-again-falling-for-its-favorite-superstition" rel="noopener noreferrer nofollow">Related: McRib is back and fans are again falling for its favorite superstition</a>
<h2 id="cathie-wood-s-ark-trims-bitcoin-etf-stake-and-adds-circle">Cathie Wood's Ark trims Bitcoin ETF stake and adds Circle</h2>
Ark <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/26/10/62608548/cathie-wood-buys-joby-archer-aviation-as-air-taxi-bets-grow-ark-pounces-on-nu-holdings-stock-after-lulas-brazil-win" rel="noopener noreferrer nofollow">bought 65,615 Circle shares</a> on Monday through its ARK Next Generation Internet ETF, or ARKW. At Circle’s $79.84 closing price, the purchase was worth roughly $5.2 million.
At the same time, ARKW and the <a href="https://www.ark-funds.com/funds/arkf" rel="noopener noreferrer nofollow">ARK Blockchain &amp; Fintech Innovation ETF</a> sold a combined 601,028 shares of the ARK 21Shares Bitcoin ETF, worth about $15.9 million at Monday’s close.
The sale was a trim rather than an exit. ARKB <a href="https://www.theblock.co/news/markets/2026-10-27-ark-invest-buys-5-2-million-of-circle-shares-sells-15-9-million-of-its-own-bitcoin-etf-as-btc-grinds-lower-431838" rel="noopener noreferrer nofollow">remained among the top 10 holdings</a> of both funds following the trades.
<h3 id="popular-on-thestreet-roundtable">Popular on TheStreet Roundtable:</h3>
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The purchase came as Wall Street remained divided on the stock.
Circle, the issuer of the USDC stablecoin, closed Monday down 7.07% at $79.84, after ending Friday at $85.91.
Mizuho <a href="https://www.theblock.co/news/business/2026-10-27-mizuho-cuts-circle-price-target-431826" rel="noopener noreferrer nofollow">maintained</a> an Underperform rating on the stock with a price target cut from $45 to $43. The firm warned that AI assistants could steer users toward higher-yielding alternatives and modelled a potential 10% to 20% medium-term hit to Circle’s reserve revenue.&nbsp;
Those figures are merely forecasts for Circle, not concrete losses.
Baird took a different view on Oct. 13, <a href="https://www.investing.com/news/analyst-ratings/baird-reiterates-circle-internet-stock-rating-with-100-target-93CH-4946541" rel="noopener noreferrer nofollow">maintaining an Outperform rating and $100 target</a>. It expects third-quarter revenue slightly below consensus but remains positive on Circle’s infrastructure, product roadmap and regulatory position.
<a href="https://investor.circle.com/events-and-presentations/event-details/2026/Circle-Reports-Third-Quarter-2026-Results/default.aspx" rel="noopener noreferrer nofollow">Circle will report</a> Q3 results on Nov. 4, with its earnings webcast scheduled for 8 a.m. ET.
At the time of writing, Circle shares were trading at $79.17, down about 0.8% on the day.&nbsp;
<h2 id="the-roundtable-100">The Roundtable 100</h2>
If you follow our market coverage, don’t miss the <a href="https://roundtable100.com/tab/rankings" rel="noopener noreferrer nofollow">Roundtable 100</a>. Updated every Friday, it's a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest <a href="https://roundtable100.com/" rel="noopener noreferrer nofollow">RTB 100</a> rankings at <a rel="noopener noreferrer nofollow">roundtable100.com</a>.
<a href="https://www.thestreet.com/crypto/markets/regulator-asks-community-banks-to-fight-bank-competition" rel="noopener noreferrer nofollow">Related: Regulator asks community banks to fight bank competition</a>

Cathie Wood sells Bitcoin, buys $5.2 million of sinking stock

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