ARK Invest Reduces Circle Stake After 670% Post-IPO Surge

ARK Invest has liquidated $146.3 million worth of Circle (CRCL) shares across its ETFs, marking its third and largest divestment since the stablecoin issuer's historic IPO. The flagship ARK Innovation ETF (ARKK) led the sell-off, disposing of 490,549 shares, while ARKW and ARKF trimmed positions by 75,018 and 43,608 shares respectively.

Circle's stock has defied expectations with a meteoric 670% rally since its June 5 debut at $31, closing Friday at $240.28. The IPO ranks as the most explosive performance for any U.S. company raising over $500 million since 1980, fueled by regulatory tailwinds including the Senate's GENIUS Act progress.

While scaling back crypto exposure, ARK rotated capital into traditional tech plays including AMD, Shopify, and Taiwan Semiconductor. Circle's USDC maintains its position as the second-largest stablecoin with $61.26 billion in market capitalization.