Circle Rally Prompts ARK Invest to Unload More Than $50 Million in Shares

ARK Invest Cashes Out $51.8M in Circle Stock as Rally Accelerates

ARK Invest, led by Cathie Wood, has begun trimming its position in Circle (CRCL) after the stablecoin issuer’s stock delivered a staggering rally since its debut earlier this month.

The investment firm sold a total of 342,658 shares on Monday across three of its actively managed ETFs, netting approximately $51.8 million, according to its daily trading update. The breakdown includes:

196,367 shares sold by the ARK Innovation ETF (ARKK)
92,310 shares from the ARK Next Generation Internet ETF (ARKW)
53,981 shares via the ARK Fintech Innovation ETF (ARKF)

Circle’s stock, which represents the company behind the USDC stablecoin, jumped another 13% on the day to close at $151.06 in New York. Since listing on the NYSE on June 5 at $31 per share, CRCL has surged nearly fivefold, outperforming most crypto-linked equities.

ARK had purchased $373 million worth of Circle stock on IPO day, and the recent sales appear to be a profit-taking move amid the rapid appreciation.

The firm has also been actively rebalancing other crypto-related positions, recently reducing its stakes in Coinbase (COIN) and Robinhood (HOOD), reflecting a more selective approach as digital asset markets extend their 2025 gains.