ARK Invest Banks $52M from Circle Just 11 Days After IPO

Cathie Wood’s ARK Invest just sold $52M worth of Circle shares. The kicker? It’s been only 11 days since Circle’s debut on the NYSE.

📉 Big Sell, Big Bags
On Monday, ARK offloaded 342,658 Circle shares, making it their first sale since the June 5 launch. The shares sold were worth a cool $51.7M.

📈 Circle’s a Heavy Hitter in ARK’s World
Even after the sell-off, Circle is still a top asset across ARK’s three funds:

ARKK holds $387.7M in Circle (6.6% of total assets)

ARKW carries $124M (6.7%)

ARKF, the underdog, has $72M (also 6.7%)

📊 Price Pump: 118% Since Launch
Circle stock exploded from $69 to over $164 since June 5, peaking at $151 yesterday. That’s a 118% jump—your gym routine should be this aggressive.

🧠 ARK’s Angle on Stablecoins
ARK’s team says Circle’s IPO success shows people are warming up to stablecoins. According to them, stablecoins are picking up where Bitcoin left off—less crazy swings, more usability.

🔮 Wood’s Crystal Ball
Oh, and in case you forgot, Cathie Wood believes Bitcoin could hit $1.5M by 2030. So… buckle up.