ARK Invest Sells $50M+ in Circle Stock Amid Ongoing Rally

ARK Invest Takes Profits as Circle Shares Soar Nearly 5x From IPO

Cathie Wood’s ARK Invest offloaded a significant portion of its Circle (CRCL) holdings on Monday, cashing out $51.8 million as the stablecoin issuer’s shares continued their meteoric rise.

According to ARK’s daily trading disclosure, the firm sold a combined 342,658 shares across three of its ETFs:

  • ARKK (ARK Innovation ETF) sold 196,367 shares
  • ARKW (Next Generation Internet ETF) trimmed 92,310
  • ARKF (Fintech Innovation ETF) offloaded 53,981

The sale comes as Circle’s stock surged 13% on Monday to close at $151.06—a sharp jump from its $31 IPO price on June 5. The company, which issues the USDC stablecoin, has now gained on all but two trading days since going public.

ARK had initially acquired $373 million worth of Circle shares on the company’s debut, signaling strong early conviction.

The firm has also recently reduced exposure to other crypto-related equities, including Coinbase (COIN) and Robinhood (HOOD), as part of broader portfolio rebalancing during a strong market run for digital asset-linked stocks.


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