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Ark Invest Trims $110M Circle Stake Amid Post-IPO Rally
Ark Invest Trims $110M Circle Stake Amid Post-IPO Rally
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BTCCSquare news:
Cathie Wood's Ark Invest liquidated $109.6 million in Circle (CRCL) shares across three ETFs—ARKK, ARKW, and ARKF—on June 23, marking its fourth major sell-off in eight days. The MOVE follows $240 million in disposals last week as the digital payments stock extended its 20% single-day surge from June 20.
ARK Innovation ETF led the divestment with 307,000 shares sold, while ARK Next Generation Internet and ARK Fintech Innovation shed 72,302 and 36,621 shares respectively. Since June 16, Ark has offloaded $255.9 million worth of CRCL positions according to Cathiesark.com data.
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