Cathie Wood’s Ark Invest has sold nearly $110 million worth of Circle stock as the stablecoin issuer’s price surged to record highs. The move comes just weeks after Circle’s IPO and reflects a calculated rebalancing by one of the most closely watched investment firms in the crypto and fintech sectors.
Ark Unloads 415,000+ Circle Shares Across Three ETFs
According to trade filings published on June 29, 2025, Ark Invest offloaded 415,844 Circle shares across three of its ETFs:
- ARK Innovation ETF (ARKK): Sold 306,921 shares
- ARK Next Generation Internet ETF (ARKW): Sold 72,302 shares
- ARK Fintech Innovation ETF (ARKF): Sold 36,621 shares
The total value of the sale amounted to approximately $109.6 million. Despite the divestment, Circle’s stock closed up 9.6% at $263.45, gaining another 2.7% in after-hours trading.
Circle Stock Soars After GENIUS Act Approval
Circle’s meteoric rise—nearly 600% from its IPO price of $31—has been fueled by optimism surrounding stablecoin regulation. The recent Senate approval of the GENIUS Act, a landmark regulatory bill focused on digital dollar assets, has been a major catalyst for Circle’s valuation surge.
Circle’s current market cap stands at $68.9 billion, surpassing even that of Coinbase and the USDC stablecoin’s own valuation.
President Donald Trump has urged the House to fast-track the legislation, stating his intent to sign the GENIUS Act into law promptly.
Ark Rotates into Robinhood and Coinbase
While reducing exposure to Circle, Ark simultaneously purchased 319,640 Robinhood shares and 4,198 Coinbase shares. The shift suggests that Ark remains bullish on the broader fintech and crypto trading ecosystem, even as it locks in profits from Circle’s explosive rally.
Ark originally acquired over 4.4 million Circle shares during the company’s June 5 IPO, positioning itself early in what has become one of 2025’s most successful public listings.
Ark Invest Rebalances Amid Historic Circle Rally
The sale of Circle shares by Ark Invest marks a strategic portfolio rebalance, not a retreat from crypto. With the GENIUS Act advancing and fintech stocks rising, Ark appears to be rotating into diversified digital asset plays, maintaining its long-standing thesis on disruptive innovation.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.