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Ark Invest sold $44.8 million worth of Circle shares the day after withdrawing $51.7 million.
According to Gate News bot and The Block, due to the strong position of this stablecoin issuer's stock, which remains significantly above its recent IPO price, Cathie Wood's Ark Invest sold shares of Circle Internet Group Inc. (CRCL) for $51.7 million the previous day and then sold the stock again for $44.76 million.
According to the latest documents from Ark Invest, its three exchange-traded funds (ETFs) sold Circle shares on Tuesday. The ARK Innovation ETF (ARKK) sold 208,654 shares of Circle, the ARK Next Generation Internet ETF (ARKW) sold 65,320 shares, and the ARK Fintech Innovation ETF (ARKF) also sold 26,134 shares of Circle.
According to data from Yahoo Finance, CRCL closed down 1.26% on Tuesday at $149.15, but rose 2.84% in after-hours trading. The stock is still well above its IPO issuance price of $31.