Ark Invest Reduces Circle Exposure with $100 Million Sale

• Ark Invest sells Circle shares as price drops
• Ark ETFs liquidate over 640 CRCL shares
• Circle faces downturn after stock market debut

Ark Invest, an investment firm led by Cathie Wood, has held a new round of Circle share sales, closing a significant volume of its position in the company that issues the USDC stablecoin. In just two days, the asset manager sold almost US$100 million in CRCL shares.

NEW: 🇺🇸 Cathie Wood's Ark Invest sold another $44.8 million worth of Circle shares after its previous $51.7 million sell-off. pic.twitter.com/cYdnkSLjEp

— crypto.news (@cryptodotnews) June 18, 2025

Second records released On June 17, Ark sold 300.108 shares of Circle through three of its ETFs: the ARK Innovation ETF (ARKK), which led the liquidation with 208.654 shares; the ARK Next Generation Internet ETF (ARKW), with 65.320 shares; and the ARK Fintech Innovation ETF (ARKF), which sold 26.134 shares.

The transaction totaled approximately $44,7 million, based on CRCL's closing price on the day — $149,15 per share. The move was a continuation of the strategy that began on June 16, when Ark began reducing its exposure. In 48 hours, the total volume sold reached 642.766 shares.

The divestment comes shortly after CRCL's first drop on the New York Stock Exchange since its IPO in early June. On the same day, June 17, the shares recorded a slight decline of 1,2%. The move marked an interruption in the upward trend sustained by the company since its debut on the public market.

Despite the pullback, pre-market data indicated a recovery, with the stock rising 3,43% at the opening of trading. This behavior suggests that part of the market remains optimistic about the performance of the USDC stablecoin issuer.

Ark Invest’s decision to reassess its exposure to crypto companies, especially following Circle’s public listing, is being closely monitored by institutional investors. The sharp sell-off suggests a rebalancing strategy in light of recent moves in crypto-related stocks.