Cathie Wood’s Ark Invest Sells $110 Million in Circle Shares

Cathie Wood’s Ark Invest has continued its significant sell-off of Circle shares, offloading another substantial portion of its stake in the stablecoin issuer's stock. On Monday, June 23, 2025, Ark Invest sold approximately $110 million worth of CRCL shares, marking its fourth large-scale dump in less than a week. This sale follows a $146.2 million sell-off the previous day.

The sale was executed across three different funds. The ARK Innovation ETF (ARKK) sold 306,921 units, the ARK Next Generation Internet ETF (ARKW) offloaded 72,302 units, and the ARK Fintech Innovation ETF (ARKF) sold the remaining 36,621 units. This strategic move comes as CRCL shares continue to rise, with the stock trading at $263.45 at the time of the sale. The stock has seen a significant increase since its debut at $31 just weeks ago, briefly spiking near $300 during intraday trading on Monday.

Despite the sell-offs, Ark Invest remains one of the largest stakeholders in Circle's stock, holding approximately 2.8 million shares after selling around 1.6 million shares in total. The firm has been capitalizing on its early investment gains in CRCL, using the proceeds to reallocate capital into other positions. Following the latest sale, Ark Invest boosted its holdings in Coinbase (COIN) and Robinhood (HOOD). The firm purchased 4,198 COIN shares worth $1.3 million and 319,640 HOOD shares valued at $24.4 million, among other investments.

This portfolio reshuffle by Ark Invest indicates a strategic shift in its investment focus. By selling off a significant portion of its Circle shares, the firm is likely aiming to diversify its holdings and capitalize on other promising opportunities in the market. The move to increase holdings in Coinbase and Robinhood suggests a continued interest in the fintech and cryptocurrency sectors, where these companies are prominent players. This strategy allows Ark Invest to maintain a balanced and dynamic portfolio, positioning itself to benefit from the growth potential of various sectors.