Circle Stock Plunges 5.92% as ARK Invest Sells Shares

Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Jun 24, 2025 8:42 am ET1min read

On June 24, 2025, Circle's stock experienced a significant drop of 5.92% in pre-market trading, reflecting a notable shift in investor sentiment.

ARK Invest, a prominent investment firm led by Cathie Wood, has been actively reducing its holdings in

. The firm's flagship fund, the ETF, sold approximately 495,000 shares, decreasing its portfolio allocation by about 1.8%. This move follows a series of large-scale sales, including the offloading of 415,844 shares and another batch worth $243 million, indicating a strategic decision to take profits after a substantial surge in Circle's stock price.

Despite Circle's recent market capitalization gains, which have brought it closer to major players like Robinhood and Coinbase, ARK Invest's actions suggest a cautious approach. The firm's repeated sales of Circle shares, totaling millions of dollars, highlight a shift in investment strategy, potentially influenced by market volatility or internal portfolio rebalancing.

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