Cathie Wood Exits Circle (CRCL) Position Amid Volatile Post-IPO Rally

BTCC / BTCC Square / Global Cryptocurrency /

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2025-06-24 20:57:02

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Circle Internet Group's CRCL shares plunged 15% on June 24, marking a sharp reversal after an 865% surge since its June 5 IPO at $31/share. The stablecoin issuer briefly touched $300 before the selloff accelerated.

ARK Invest's Cathie Wood executed well-timed disposals throughout the rally, including a 307,000-share sale at peak prices netting $90 million. Her fund previously liquidated 1.25 million shares for $243 million during the ascent.

The divergence between institutional profit-taking and retail enthusiasm highlights the volatility inherent in crypto-adjacent equities. Circle's trajectory mirrors the speculative fervor surrounding digital asset ventures in traditional markets.

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