#ArkInvest Dumps Another $45M in #Circle Shares Following Previous Sell-Off


Cathie Wood's Ark Invest offloaded $44.76 million worth of #CRCL shares across three #ETFs on Tuesday.


The sale follows Monday's $51.7 million Circle divestment, marking significant profit-taking after the stablecoin issuer's market debut.


ARK Innovation ETF shed 208,654 shares while ARK Next Generation Internet ETF sold 65,320 Circle shares.


ARK Fintech Innovation ETF divested an additional 26,134 shares of the #stablecoin issuer.


Circle stock closed down 1.26% at $149.15 but gained 2.84% in after-hours trading on Tuesday.


The share price remains significantly above Circle's IPO of $31 from earlier this month.


Ark Invest initially purchased $373.4 million worth of shares during Circle's New York Stock Exchange debut.


Traders are monitoring how Circle responds to the Senate's passage of the GENIUS Act stablecoin legislation.

$USDC

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June 18, 2025 at 3:35 PM
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