Cathie Wood’s Ark Invest trimmed his stocks on its significant Circle (CRCL) position on Monday and sold $ 51.8 million shares worth when StableCecoin shutter’s share expanded its rally.
ARK sold a total of 342,658 shares across three of its actively managed stock-traded funds (ETFs), according to a daily email. ARK INNOVATION ETF (ARKK) AFLOOFED 196.367 Shares, Arkw sold 92,310 and ARKF trimmed 53,981.
Circle, the issuer of USDC stableecoin, rose 13% of the day and closed Monday in New York for $ 151.06. It has won every day, but two since it was erected on June 5th. The shares have risen almost five times from their listing price of $ 31.
ARK bought a circle of $ 373 million worth on its first trading day at NYSE.
Wood’s Foundation also recently trimmed positions in other crypto-bound companies such as Coinbase (Coin) and Robinhood (Hood).
