ARK Invest Offloads Nearly 30% of Its Circle Position in One Week

Cathie Wood’s ARK Invest spent the past week lightening its stake in Circle Internet Group just as the stable-coin issuer’s share price went vertical.

A regulatory filing shows that on Friday, June 20, ARK’s three active ETFs—Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF)—unloaded 609 175 CRCL shares for roughly $146 million after the stock leapt another 20 percent to close at $240.30, more than three-and-a-half times its $69 debut price on June 5.

That sale followed two earlier trims on Monday and Tuesday, bringing the week’s total disposals to about 1.25 million shares, or close to 29 percent of the 4.49 million shares ARK snapped up on listing day. Even after the divestment spree, the firm still owns a sizeable position. Fresh tallies compiled Saturday show ARK holding roughly 2.5 million shares—8 percent of Circle’s float—worth a little over half a billion dollars at current prices, making it the company’s eighth-largest shareholder.

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Circle’s breathtaking run has been fuelled in part by Washington’s new friendliness toward dollar-pegged tokens. Two days before ARK’s biggest sale, the U.S. Senate advanced the GENIUS Act, a bill that would impose strict reserve and disclosure rules on stable-coin issuers—legislation many investors view as a seal of legitimacy for the sector. While Circle’s market cap remains far below that of its USD Coin stable-coin, the stock is already the top holding in ARKW, overtaking long-time favourites like Tesla and Roku.

Proceeds from the share sales did not sit idle. Daily trade reports show ARK rotating some of the cash into semiconductor names such as AMD and Taiwan Semiconductor, a move consistent with Wood’s broader conviction that artificial-intelligence infrastructure will outpace most other tech themes over the next decade

For now, ARK appears content to ride Circle’s volatility with a trimmed but still meaningful position, banking gains while keeping skin in the game should the stable-coin specialist continue its rapid ascent

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.