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By Sam Reynolds|Edited by Sheldon Reback
Jun 17, 2025, 8:01 a.m.
- Cathie Wood’s ARK Invest sold $51.8 million worth of Circle shares as the stock extended its rally.
- ARK offloaded a total of 342,658 shares across three of its ETFs, coinciding with a 13% gain in Circle’s stock.
- The fund bought $373 million worth of Circle shares when the company listed on the NYSE earlier this month.
Cathie Wood’s ARK Invest trimmed its holdings on its sizable Circle (CRCL) position Monday, selling $51.8 million worth of shares, as the stablecoin issuer’s stock extended its rally.
ARK sold a total of 342,658 shares across three of its actively managed exchange-traded funds (ETFs), according to a daily email. The ARK Innovation ETF (ARKK) offloaded 196,367 shares, ARKW sold 92,310 and ARKF trimmed 53,981.
STORY CONTINUES BELOW
Circle, the issuer of the USDC stablecoin, rose 13% on the day, closing Monday in New York at $151.06. It has gained every day but two since it listed on June 5. The shares have climbed almost fivefold from their IPO price of $31.
ARK bought $373 million worth of Circle on its first day of trading on the NYSE.
Wood’s fund also recently trimmed positions in other crypto-linked firms like Coinbase (COIN) and Robinhood (HOOD).
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX’s collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
