ARK Invest Doubles Down on Circle’s Wall Street Debut—Because Nothing Says ‘Stable’ Like Betting on Crypto During a Bear Market
Cathie Wood’s ARK Invest just placed a high-stakes wager on Circle as the stablecoin titan storms Wall Street. Because when traditional finance meets crypto, what could possibly go wrong?
The move signals growing institutional appetite for dollar-pegged assets—or at least a desperate hunt for yield in a zero-rate world. Circle’s USDC, now the backbone of DeFi’s shadow banking system, gets its shot at the big leagues.
Wall Street’s latest crypto flirtation proves one thing: even suits want in on the volatility game—they just prefer it wrapped in a ‘stable’ bow. How long until the next ‘black swan’ event tests that theory?
Corporate Interest in XRP Surges as Firms Eye It for Treasury Reserves
ARK’s move fits a familiar playbook. The investment firm often targets crypto companies at launch, having previously backed Coinbase and eToro during their IPOs. Circle now holds a top 10 position in all three of ARK’s participating funds, though the firm maintains a diversification policy that caps any single asset at 10%.
While buying into Circle, ARK simultaneously trimmed other crypto positions—offloading parts of its Bitcoin ETF (ARKB), as well as shares in Coinbase, Robinhood, and Block. ARKB, despite recent outflows, still holds over $4.7 billion in assets and remains a cornerstone in ARK’s crypto strategy.
This shuffle in holdings reflects ARK’s adaptive approach: reallocating capital toward fresh opportunities while managing exposure in a rapidly evolving digital asset market.
