Ark Invest further reduces its holdings by $44.8 million in Circle stock

According to Jinse Finance, Ark Invest, led by Cathie Wood, sold another $44.76 million worth of Circle Internet Group Inc. (CRCL) shares the day after offloading $51.7 million of the same stock. As a stablecoin issuer, Circle’s share price remains above its recent IPO level. According to the latest filings, three of Ark Invest’s exchange-traded funds (ETFs) sold related shares on Tuesday. The ARK Innovation ETF (ARKK) reduced its holdings by 208,654 shares of Circle, the ARK Next Generation Internet ETF (ARKW) sold 65,320 shares, and the ARK Fintech Innovation ETF (ARKF) also trimmed 26,134 shares of the stablecoin issuer. Yahoo Finance data shows that CRCL closed down 1.26% at $149.15 on Tuesday, but rose 2.84% in after-hours trading. Its share price remains significantly above the IPO price of $31.