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ARK Invest Offloads Over $50M in Circle Shares as Stock Extends Rally
Cathie Wood’s firm looks to take profit as Circle shares surge nearly fivefold from the IPO.
Updated Jun 17, 2025, 12:52 p.m. Published Jun 17, 2025, 8:01 a.m.
What to know:
- Cathie Wood's ARK Invest sold $51.8 million worth of Circle shares as the stock extended its rally.
- ARK offloaded a total of 342,658 shares across three of its ETFs, coinciding with a 13% gain in Circle's stock.
- The fund bought $373 million worth of Circle shares when the company listed on the NYSE earlier this month.
Cathie Wood’s ARK Invest trimmed its holdings on its sizable Circle (CRCL) position Monday, selling $51.8 million worth of shares, as the stablecoin issuer’s stock extended its rally.
ARK sold a total of 342,658 shares across three of its actively managed exchange-traded funds (ETFs), according to a daily email. The ARK Innovation ETF (ARKK) offloaded 196,367 shares, ARKW sold 92,310 and ARKF trimmed 53,981.
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Circle, the issuer of the USDC stablecoin, rose 13% on the day, closing Monday in New York at $151.06. It has gained every day but two since it listed on June 5. The shares have climbed almost fivefold from their IPO price of $31.
ARK bought $373 million worth of Circle on its first day of trading on the NYSE.
Wood's fund also recently trimmed positions in other crypto-linked firms like Coinbase (COIN) and Robinhood (HOOD).
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