Ark Invest again reduces its holdings of Circle shares by $44.8 million
Internet reports that Cathie Wood's Ark Invest sold $51.7 million worth of Circle Internet Group Inc the day before. (CRCL) shares, it again reduced its holdings of US$44.76 million the next day. As an issuer of stablecoins, Circle's share price remains above its recent IPO price. Ark Invest's three exchange-traded funds (ETFs) sold shares on Tuesday, according to the latest filings. Among them, ARK Innovation ETF (ARKK) reduced its holdings of 208,654 shares of Circle shares, ARK Next Generation Internet ETF (ARKW) sold 65,320 shares, and ARK Financial Technology Innovation ETF (ARKF) also reduced its holdings of 26,134 shares of the stablecoin issuer. CRCL closed down 1.26% at $149.15 on Tuesday, but rose 2.84% in after-hours trading, according to Yahoo Finance. Its share price remains significantly above its $31 IPO price.
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