Ark Invest Dumps Another $44.8M in Circle Shares—$96.5M Exited in Just 48 Hours

Another day, another mega-sale. Cathie Wood’s Ark Invest just offloaded $44.8M worth of Circle shares—hot on the heels of a $51.7M sell-off yesterday. That’s nearly $100M vanishing faster than a DeFi rug pull.

What’s driving the fire sale?

Speculation’s running wild: regulatory jitters? Profit-taking? Or just another case of ‘buy the rumor, sell the news’ in crypto’s endless rinse-repeat cycle. Meanwhile, Circle keeps minting those USDC stablecoins like there’s no tomorrow—because in crypto, sometimes there isn’t.

Pro tip: When ARK sneezes, the market catches a cold. But let’s be real—since when has traditional finance logic ever applied here?

CRCL closed 1.26% lower at $149.15 on Tuesday but bounced back with a 2.84% gain in after-hours trading, according to Yahoo Finance. Even after Ark’s back-to-back divestments, the stock has more than quadrupled since its IPO earlier this month.

Notably, Ark had bought $373.4 million worth of Circle shares when the stablecoin firm made its debut on the New York Stock Exchange. The recent sales could be part of a profit-booking strategy, especially given the strong stock performance.

In the meantime, traders are monitoring the response of Circle to the events in the GENIUS Act. The U.S. Senate has recently passed this significant stablecoin bill, which is now going to the House of Representatives to debate and vote on. With the regulatory clarity, the interest of investors in the stocks of stablecoins such as Circle will be high.

At this point, the action of Ark has raised eyebrows, but the momentum of Circle has not been lost yet.

Also Read: Circle (CRCL) Stock Hits New High, Surging 434% From Its IPO Price