ARK Invest Dumps $146.3M More Circle Shares After Meteoric 670% IPO Surge

Description

ARK Invest unloaded another round of shares of Circle (CRCL) across its ETFs just two weeks after the stablecoin issuer's high-profile IPO. The biggest cut came from the flagship ARK Innovation ETF (ARKK), which sold 490,549 shares, or about 1.8% of the portfolio. ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) also reduced exposure, selling 75,018 and 43,608 shares, respectively. Making the total sales worth about $146.3 million, based on the June 20 closing price ...