Summary
- Cathie Wood’s ARK Investment reportedly sold a large block of Circle shares worth $51.7 million.
- As Circle’s stock hit an all-time high, shares were sold from the ARKK, ARKW, and ARKF ETFs respectively.
- Circle closed with a 13.10% gain on the New York Stock Exchange, but saw a slight decline in the over-the-counter market.
ARK Investment, led by Cathie Wood and known for making significant profits from its investment in Circle, the issuer of USDC, reportedly sold a large amount of Circle shares on this day.
According to The Block, a cryptocurrency-focused media outlet, on the 16th (local time), ARK Investment sold 342,658 shares of Circle Internet Group as Circle’s stock price hit an all-time high.
ARK Investment offloaded 196,367 shares from its ARKK ETF, 92,310 shares from ARKW, and 53,981 shares from ARKF, respectively.
Meanwhile, Circle closed at $151.06, up 13.10% during the session on the New York Stock Exchange, but in the over-the-counter market, it closed at $147.45, down 2.39% from the closing price.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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