Odaily Planet Daily News Cathie Wood's ARK Invest has stepped up its selling of Circle as CRCL stock has soared nearly 250% since its public listing. ARK sold 609,175 shares of Circle from its three funds on Friday (June 20), worth $146.2 million. The sale came as the company's stock price rose 20.4% on June 20, closing at $240.3, up 248% from its opening price of $69 on the New York Stock Exchange on June 5. The latest sell-off was ARK's third sell-off in the past week of trading, with three sales totaling 1.25 million shares of CRCL, netting about $243 million based on daily closing prices.
ARK’s latest Circle stock sales involved trades across three ARK funds, including the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). The largest fund, ARKK, sold 490,549 CRCL shares, while ARKW and ARKF sold 75,018 and 43,608 shares, respectively. (Cointelegraph)