ARK Invest Takes Early Profits After Circle’s Skyrocketing IPO

Circle’s first fortnight on the New York Stock Exchange turned into a quick trade for Cathie Wood’s ARK Invest.

After scooping up 4.49 million shares at the June 5 listing, ARK unloaded roughly 343 thousand on Monday for about $51.7 million, banking some profit while the stock still rode a 118% surge from its $69 open to last week’s $164 intraday peak.

Even after trimming the position, Circle remains a cornerstone of ARK’s three crypto-heavy funds. ARK Innovation (ARKK) holds nearly $388 million in Circle and ranks it fifth in the $5.6 billion portfolio. The Next Generation Internet (ARKW) and Fintech Innovation (ARKF) ETFs each keep Circle at roughly 6.7% of assets, just behind their long-standing Coinbase stakes.

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ARK analysts argue that Wall Street’s appetite for Circle underscores a shift: investors now treat stablecoins as plumbing for global finance, not fringe crypto toys. That narrative dovetails with Wood’s bolder thesis—she still targets $1.5 million for Bitcoin by 2030 as institutions chase digital scarcity while embracing lower-volatility rails like USD-backed tokens.

By shaving a slender slice of Circle while retaining an outsized core, ARK signals confidence in that stablecoin story—just with a trader’s instinct to pocket gains when a new listing runs hot.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.