ARK Invest Offloads $110M in CRCL Shares – Bullish Exit or Strategic Shift?

Cathie Wood's ARK Invest makes waves with a massive CRCL sell-off—415,840 shares dumped in a single move. Was this a tactical retreat or a loss of faith in the crypto-revival narrative?

Follow the money: The $110 million exit sparks questions about ARK's conviction in blockchain infrastructure plays. Meanwhile, Wall Street analysts whisper about 'portfolio rebalancing'—finance-speak for 'we needed liquidity fast.'

Pro tip: When a fund this size bails, someone's always left holding the bag. Just don't expect the quarterly letter to mention which retail investors got stuck with the tab.

ARK Invest accelerates selling Circle (CRCL) shares amid 250% surge 

Here's every MOVE Cathie Wood and Ark Invest made in the stock market today 6/23 pic.twitter.com/2Z5Bqr0Qva

— Ark Invest Daily (@ArkkDaily) June 24, 2025

ARK Invest accelerated selling Circle (CRCL) shares as the stock surged nearly 250% since its public debut earlier this month. The fund bought $373 million worth of Circle shares when the company listed on the NYSE on June 5th at $31.

On June 16, ARK offloaded a total of 342,658 CRCL shares worth ~$58.1 million across three of its ETFs, coinciding with a 13% gain in Circle’s stock. The ARK Innovation ETF (ARKK) offloaded 196,367 shares, ARKW sold 92,310, and ARKF trimmed 53,981, all at an average price of $151.06.

On June 17, ARK Invest sold 26,134 (0.34%) of its Circle shares worth ~$3.9 million at $145.15 per share from its ARKF ETF. It further sold 65,320 (~0.5%) CRCL shares worth $9.74 million from its ARKW ETF, and 208,654 CRCL shares worth $31.12 million from its main ARKK ETF. Overall, ARK sold over 300K CRCL shares valued at $43.56 million, continuing to take profit for a second day in a row.

On Friday, June 20, ARK sold 609,175 shares across three funds worth $146.2 million. The biggest cut came from ARK Innovation ETF (ARKK), which sold 490,549 shares, about 1.8% of the portfolio. ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) also reduced exposure, selling 75,018 and 43,608 shares, respectively. This marks ARK’s third sale in seven days, totaling 1.25 million shares and netting approximately $243 million in profit based on daily closing prices. 

ARK pours millions into AMD, Shopify, and ABNB 

Cathie Wood’s ARK reinvested most of the revenue from its Circle dump into AMD, purchasing 247,753 shares worth about $31.4 million across its three ETFs. On June 17, ARK bought 37,377 AMD shares worth ~$4.8 million through its ARKW ETF. On June 23, the company bought 24,158 shares worth $3.13 million through its ARKF ETF, 20,514 shares worth ~$2.66 million through its ARKW ETF, and 85,584 shares worth $11.09 million through its main ARKK ETF.

Wood also picked up 162,255 shares of Airbnb (ABNB) for around $21.4 million. On June 17, ARK purchased 59,115 ABNB shares worth $7.88 million at $133.37 per share through its ARKK ETF. On June 23, the company bought another 20,442 shares worth $2.67 million at $130.53 per share through the ARKK ETF. 

ARK bought 222,150 shares of Shopify (NASDAQ: SHOP), totaling roughly $23.5 million. On June 17, the company bought 21,277 SHOP shares worth $2.27 million at $106.53 per share through its ARKW ETF. On June 23, ARK bought 21,303 shares worth $2.34 million at $109.98 per share through its ARKF ETF. It also acquired 29,594 shares worth $3.25 million through the ARKW ETF and 61,761 shares worth $6.79 million through its ARKK ETF.

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