ARK Invest Accelerates Circle (CRCL) Share Sales Amid 250% Rally

Cathie Wood's ARK Invest liquidated $109.6 million worth of Circle stock on June 23, marking its third major divestment in the stablecoin issuer this week. The sales represent nearly 29% of ARK's original 4.49 million share position acquired during Circle's public debut.

The firm executed staggered disposals across three ETFs: $80.86 million from ARKK, $19.05 million from ARKW, and $9.65 million from ARKF. This selling spree coincides with CRCL's 250% surge since listing, briefly pushing its market capitalization above USDC's $61.68 billion circulating supply.

ARK continues trimming crypto-linked exposures, having recently reduced stakes in Coinbase and Robinhood. Circle shares peaked NEAR $300 intraday before settling at $263.45 - the price at which ARK executed its latest block trade.