ARK Dumps $45M in Circle—Is Cathie Wood Signaling Trouble for Crypto Traders?
Cathie Wood's ARK Investment just made another bold move—offloading $45 million worth of Circle shares. The question on everyone's mind: Should the crypto market brace for impact?
ARK's latest sell-off raises eyebrows. Is this a strategic pivot or a warning flare for stablecoin investors? The firm's track record suggests they're playing the long game—but timing is everything in crypto's volatile arena.
Meanwhile, Circle maintains its position as a stablecoin heavyweight. USDC's market cap remains robust despite regulatory headwinds. But when a bull like Wood takes profits, it pays to watch the tape.
Pro tip: When Wall Street's crypto cheerleaders start cashing chips, retail traders might want to check their exposure. After all, in finance, the early bird gets the worm—and the latecomer gets the margin call.
ARK Invest Sells 300K Circle Shares Across Three Flagship ETFs
According to trade notifications, ARK sold 300,108 shares across its three major ETFs — ARK Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF).
ARKK accounted for the largest sale with over 208,000 shares, while ARKW and ARKF offloaded smaller portions.
The timing of the sale came as Circle’s stock fell 1.3% on the day, closing at $149 after briefly trading above $165 the day prior.
That drop followed the Senate’s passage of the GENIUS stablecoin bill, a legislative win that many expected to support the stablecoin industry.
So far, ARK is the only major Circle investor to significantly reduce exposure post-IPO.
Other backers, including BlackRock, reportedly eyeing a 10% stake in the company, have not disclosed any sales.
BREAKING:
CATHIE WOOD’S ARK INVEST SOLD AN ADDITIONAL $44.8 MILLION IN CIRCLE SHARES FOLLOWING ITS EARLIER $51.7 MILLION SELL‑OFF.
ARK CONTINUES TO EXIT AS CIRCLE HITS NEW HEIGHTS.
pic.twitter.com/f3tkQ5ta83
Executives at Circle, however, have sold portions of their holdings. CEO Jeremy Allaire, co-founder Sean Neville, and CFO Jeremy Fox-Geen were listed in the prospectus as planning to sell 8%, 11%, and 11% of their holdings, respectively.
ARK’s total divestment now stands at 642,766 Circle shares, around 14% of the 4.49 million shares it acquired when Circle went public on June 5. At that time, the firm’s investment was valued at over $373 million.
Trump’s Iran Threats Shake Crypto Markets
The sell-off arrives as the crypto market slipped Tuesday after US President Donald TRUMP issued a direct threat toward Iran’s supreme leader, sparking fears of broader geopolitical instability.
Trump posted on Truth Social that Ayatollah Ali Khamenei was a “target” but WOULD not be “taken out… at least not for now,” amid rising tensions between Iran and Israel.
JUST IN: President Trump calls for “UNCONDITIONAL SURRENDER” from Iran, tells the Supreme Leader “we know exactly where you’re hiding.”
The threats are ramping up.
GET TO THE NEGOTIATING TABLE NOW, IRAN! pic.twitter.com/tF6pAXpiCT
Bitcoin quickly dropped from $104,310 to $103,553 following Trump’s comments before recovering above $105,000. Ether and XRP also recorded losses of over 1%, reflecting broader market caution.
Sentiment metrics shifted sharply as the Crypto Fear & Greed Index fell from “Greed” to “Neutral” for the first time in nearly two weeks.
The market appears sensitive to any escalation involving Iran, especially with continued hostilities between Tehran and Tel Aviv.
Since returning to the presidency in early 2025, Trump’s actions — including a tariff order in February — have triggered both dips and rallies.
Notably, his election victory in late 2024 coincided with Bitcoin’s historic surge past $100,000.
