Cathie Wood’s Ark Invest sold a total 300,108 shares in Circle Internet Group Tuesday across three of its ETFs and continues to make profit another day in a row, this time to a melody of $ 44.7 million.
The move came when CRCL closed in New York on Tuesday to $ 149.15 as it continues to maintain the investor’s momentum after a monster mounting during the first trading days earlier this month.
ARK’s cropping of its CRCL attitude coincided with a larger political milestone: the US Senate Bipartisan passage of the Genius Act, a bill designed to regulate stablecoin issuers as Circle.
The law is considered a victory in the industry, and was welcomed by Circle CEO Jeremy Allaire, who called it a “brilliant” piece of legislation in an X post.
An investor message indicates that when ARK sold CRCL, it increased its positions in chip designer AMD, which has been described as an underrated AI game after the release of its recent roadmap, as well as Taiwan Semiconductor, a Chip Manufacturing Company.
Read more: ARK INVEST OFFLOADS OVER $ 50 MIO
