Cathie Wood’s ARK Invest has continued to offload its holdings in Circle, selling an additional 415,844 shares worth $109.6 million on Monday, according to a trade notice reviewed by Cointelegraph.
This marks the fourth round of Circle share sales by ARK since it began reducing its CRCL position last Monday. The firm previously sold 1.25 million shares for roughly $243 million. The sell-off comes just 11 days after Circle’s debut on the New York Stock Exchange (NYSE).
With the new sale, ARK has now sold about 1.7 million Circle shares, which accounts for 37% of its 4.5 million CRCL purchase made on June 5.
ARK funds still retain 2.6 million shares of Circle
ARK’s latest sale included transactions across three of its funds: the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF).
On June 23, ARKK—ARK’s largest fund with $5.6 billion in assets under management—sold 306,921 Circle shares. Despite the sale, it still holds approximately 1.7 million shares, representing about 6.8% of the fund’s total assets.
The other two funds, ARKW and ARKF, sold 72,302 and 36,621 Circle shares, respectively. Following the transactions, they now hold 625,645 and 369,128 shares, totaling 994,773 CRCL shares combined.
After the latest round of sales, the three ARK funds collectively hold 2.6 million Circle shares, valued at approximately $69.9 million based on Monday’s closing price of $263.40 per share.
