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.
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