4 hours ago
Cathie Wood’s steadfast looks to instrumentality nett arsenic Circle shares surge astir fivefold from the IPO.
Jun 17, 2025, 8:01 a.m.
Cathie Wood’s ARK Invest trimmed its holdings connected its sizable Circle (CRCL) presumption Monday, selling $51.8 cardinal worthy of shares, arsenic the stablecoin issuer’s banal extended its rally.
ARK sold a full of 342,658 shares crossed 3 of its actively managed exchange-traded funds (ETFs), according to a regular email. The ARK Innovation ETF (ARKK) offloaded 196,367 shares, ARKW sold 92,310 and ARKF trimmed 53,981.
Circle, the issuer of the USDC stablecoin, roseate 13% connected the day, closing Monday successful New York astatine $151.06. It has gained each time but 2 since it listed connected June 5. The shares person climbed astir fivefold from their IPO terms of $31.
ARK bought $373 cardinal worthy of Circle on its archetypal time of trading connected the NYSE.
Wood's money besides precocious trimmed positions successful different crypto-linked firms similar Coinbase (COIN) and Robinhood (HOOD).
Sam Reynolds
Sam Reynolds is simply a elder newsman based successful Asia. Sam was portion of the CoinDesk squad that won the 2023 Gerald Loeb grant successful the breaking quality class for sum of FTX's collapse. Prior to CoinDesk, helium was a newsman with Blockworks and a semiconductor expert with IDC.
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