Why Did Circle Stock Plunge 7.74% After Ark Invest Sell-Off?

Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Jun 24, 2025 8:52 am ET1min read

On June 24, 2025, Circle's stock experienced a significant drop of 7.74% in pre-market trading, marking a notable shift in investor sentiment towards the company.

Cathie Wood's

Invest sold $109.6 million in shares across three ETFs, ARKK, , and ARKF. Despite this significant sell-off, Circle's stock had previously surged, with its market cap reaching $54 billion. This move by Ark Invest highlights the strategic positioning of the firm amidst evolving market dynamics.

Circle's stock price had previously jumped 900% to $300, driven by rising institutional interest. The company's partnership with Fiserv to develop stablecoin-enabled solutions for financial institutions has also contributed to its recent gains. This collaboration aims to enhance the adoption of stablecoins within the Fiserv ecosystem, further bolstering Circle's market position.

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