ARK Invest, led by Cathie Wood, has continued its sell-off of Circle shares, dumping an additional 415,844 shares worth approximately $109.6 million on June 24. This follows a prior sale of 1.25 million shares valued at about $243 million the previous week. The recent transactions bring ARK's total sales to approximately 1.7 million Circle shares since the asset manager's investment in the stock just over two weeks ago. After the latest sale, ARK still holds around 2.6 million Circle shares across its funds, valued at around $69.9 million based on the closing price. The sales were executed through ARK's Innovation ETF, Next Generation Internet ETF, and Fintech Innovation ETF, with the largest fund, ARKK, offloading a significant number of shares but still maintaining a substantial holding in Circle.

Source 🔗