Cathie Wood sold shares of Circle Internet Group, raising questions about her investment strategy.

From Nasdaq

The date 2025-06-23 11:55:00 converts to Friday, June 23, 2025 at 11:55 AM:

Cathie Wood added to existing positions in her ETFs, except for a sell-off in Circle Internet Group (NYSE: CRCL). This move raised questions about her investment strategy and the future of Circle, a fintech company known for stablecoins and blockchain solutions. Circle became profitable in 2023, with concerns about valuation despite growth in the digital currency market.

Despite recent sales by Ark Invest, Circle’s stock saw a significant increase last week. The passing of the GENIUS Act by the U.S. Senate was a major catalyst, paving the way for mainstream adoption of stablecoins like USDC. Wood’s decision to sell shares may have been premature given the stock’s upward trend.

Ark Invest’s involvement in Circle dates back to its IPO, with shares trading significantly higher since then. Despite recent selling, Circle remains a major holding for Wood’s ETFs. The company’s IPO saw insiders cashing out at $31 per share, raising questions about the stock’s future performance.

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Read more at Nasdaq: Did Cathie Wood Sell Circle Stock Too Soon?