Wood Sister once again sells more than $44 million of Circle, the first stablecoin stock

2025-06-18 15:28:21

Cathie Wood's Ark Invest sold another $44.76 million of Circle shares on Tuesday, as the stock price of stablecoin issuer Circle Internet Group continued to be far higher than the recent IPO price. The day before, the institution had just sold $51.7 million of shares. According to the latest filings by Ark Invest, its three exchange-traded funds (ETFs) completed the reduction on Tuesday: Ark Innovation ETF (ARKK) sold 208,700 shares of Circle, Ark Next Generation Internet ETF (ARKW) sold 65,320 shares, and Ark Fintech Innovation ETF (ARKF) also reduced its holdings by 26,134 shares.

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