From Yahoo Finance: 2025-06-21 11:47:00

ARK Invest has sold a significant amount of shares in Circle (CRCL) across its ETFs, totaling about $146.3 million. This is the third round of selling since the IPO, following a massive rally that saw the stock surge over 670% in just over two weeks.

The IPO of Circle was the most explosive for any U.S. company raising $500 million or more since 1980. Regulatory tailwinds, like the passage of the GENIUS Act, fueled investor interest, leading to a surge in the stock price from $31 to $240 in a short period.

While reducing its stake in Circle, ARK Invest has increased its holdings in chipmaker AMD, e-commerce giant Shopify, and Taiwan Semiconductor Manufacturing Company. Circle’s USDC stablecoin is now the second-largest by market capitalization, with $61.26 billion in circulation.

Support for USDC is growing rapidly, with Coinbase Derivatives planning to use it as collateral in regulated U.S. futures markets and Shopify enabling USDC payments. Tether’s USDT still dominates the stablecoin market with $155.88 billion in circulation.



Read more at Yahoo Finance: ARK Invest Dumps $146.3M More Circle Shares After Meteoric 670% IPO Surge