Cathie Wood’s Firm Continues to Reduce Circle Holdings
Ark Invest is cashing in on Circle’s explosive stock rally, selling an additional 415,855 shares worth $109.6 million across its ETFs. The sale comes after Circle’s share price surged to $263.45, nearly 7.5x its IPO price of $31 earlier this month.
Ark had previously sold over 609,000 shares last week and trimmed positions in two prior tranches as well.
Circle, the issuer of the USDC stablecoin, became a public company earlier in June and has quickly become one of the hottest post-IPO performers of the year. Ark was among the first institutional buyers and has reaped significant gains from the early entry.
Robinhood and Coinbase Back in the Spotlight
While offloading Circle stock, Ark Invest increased its exposure to Robinhood and Coinbase, two major crypto-adjacent public companies.
- Purchased 319,640 shares of Robinhood (HOOD) worth approximately $24.4 million
- Acquired 4,198 shares of Coinbase (COIN) valued at roughly $1.3 million
The strategic shift suggests Ark is rotating profits into longer-term plays with broader market integration.
Robinhood has recently seen renewed investor interest after announcing Bitcoin custody expansion and improving metrics in its crypto division. Coinbase, on the other hand, remains the largest publicly listed crypto exchange in the U.S., and is benefiting from increased institutional crypto flows and ETF demand.
Ark’s Active Portfolio Management Reflects Market Rotation
Ark Invest’s approach highlights a common strategy in high-growth investing — profit-taking on parabolic gains and reallocation into assets with longer-term growth runway.
Circle’s 650%+ rise in under a month has outpaced traditional tech and crypto equities, making it an attractive source of liquidity.
Meanwhile, Robinhood and Coinbase trade with higher volatility but offer broader user bases, regulatory traction, and diversified business models.
Looking Ahead
Ark’s recent trades underline a bullish stance on crypto’s role in traditional finance, but also show caution in managing risk during extreme price rallies. With market conditions shifting rapidly, Ark is positioning for resilience and scalability across its holdings.
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.