Ark Invest Offloads $110 Million Circle Shares Amid Surge

- Ark Invest sells $109.6 million in Circle shares from three ETFs. - Sale involves 415,844 Circle shares, primarily from ARK Innovation ETF. On June 24, 2025, The Block reported that Ark Invest sold Circle (CRCL) shares worth $109.6 million across three of its ETFs. This sale, involving a total of 415,844 Circle shares, was distributed as follows: the ARK Innovation ETF (ARKK) sold 306,921 shares, the ARK Next Generation Internet ETF (ARKW) sold 72,302 shares, and the ARK Fintech Innovation ETF (ARKF) sold 36,621 shares. On that Monday, Circle's stock closed up 9.6% at $263.45 and subsequently gained an additional 2.7% in after-hours trading. At one point, its market capitalization reached $68.9 billion, a value surpassing both Coinbase and Circle's own USDC stablecoin. Circle, which went public on June 5, 2025, priced its IPO at $31 per share, providing early investors a return of nearly 600%. Contributing to the rise in Circle's stock price was the U.S. Senate's passage of the GENIUS Act, a landmark stablecoin bill, which has now moved to the House of Representatives for consideration. Moreover, President Donald Trump has urged the House to pass the bill quickly. Ark Invest had initially purchased 4,486,560 Circle shares when Circle debuted on the New York Stock Exchange on June 5. In other recent trading activity, on June 23, 2025, Ark Invest's ARKK bought 319,640 Robinhood (HOOD) shares, worth about $24.4 million. On the same day, ARKW and ARKF together purchased 4,198 Coinbase (COIN) shares, valued at roughly $1.3 million. This transaction marked Ark's third and largest sale of Circle shares since the IPO. Ark had previously sold shares worth $50 million and $44.7 million. Despite these sales, Ark Invest remains a significant holder of Circle shares. According to CoinMarketCap, as of its last update on June 23, at 12:00 UTC, Ethereum (ETH) traded at $2,973. Its 24-hour trading volume increased by 1.5%.