Cathie Wood’s Ark Invest has sold off $109.6 million worth of Circle (CRCL) shares, capitalizing on the stablecoin issuer’s continued stock surge following its highly anticipated IPO earlier this month.
According to the firm’s latest trade filing, 415,844 shares of Circle were offloaded across three of Ark’s ETFs on Monday:
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ARK Innovation ETF (ARKK): 306,921 shares
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ARK Next Generation Internet ETF (ARKW): 72,302 shares
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ARK Fintech Innovation ETF (ARKF): 36,621 shares
The timing of the sale coincided with CRCL’s third consecutive day of gains, closing Monday up 9.6% at $263.45, with an additional 2.7% gain in after-hours trading, according to data from Yahoo Finance. Circle’s market capitalization soared past $68.9 billion, briefly overtaking Coinbase and USDC’s circulating market cap.
Circle IPO Turns into One of 2025’s Biggest Breakouts
Circle made its public debut on the New York Stock Exchange on June 5, launching with an upsized $1.1 billion IPO priced at just $31 per share. Since then, the stock has surged nearly 600%, delivering staggering returns to early investors, including Ark Invest, which had previously bought 4.48 million shares on listing day.
Stablecoin Legislation Fuels Investor Confidence
Much of Circle’s stock momentum in recent days is attributed to regulatory tailwinds. The U.S. Senate passed the GENIUS Act, a landmark stablecoin framework bill, now under review by the House of Representatives.
President Donald Trump publicly urged lawmakers to accelerate the bill’s passage, stating he wants it on his desk “as soon as possible.” The act is seen as a green light for stablecoin issuers and has boosted sentiment across the crypto sector.
Ark Shuffles Holdings: Bets on Robinhood and Coinbase
Even as Ark exited a large portion of its Circle position, it reallocated capital into other fintech stocks:
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ARKK acquired 319,640 shares of Robinhood, worth $24.4 million
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ARKW and ARKF bought 4,198 shares of Coinbase, valued at approximately $1.3 million
Both Robinhood and Coinbase have seen heightened trading volume and investor interest amid the broader crypto market recovery and IPO momentum.
The Nasdaq Composite closed up 0.94%, while the Dow Jones rose 0.89%, adding fuel to the day’s bullish activity.
Final Thoughts: Profit-Taking or Strategic Rotation?
Ark Invest’s selloff may represent a classic case of profit-taking after parabolic gains, but it also reflects a broader sector bet on regulated digital finance infrastructure. While Ark reduces exposure to Circle after a historic IPO performance, its positions in Robinhood and Coinbase suggest ongoing confidence in platforms driving crypto adoption at scale.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
