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Ark Invest continues to sell 44.76 million USD worth of Circle shares, with a total divestment value of nearly 100 million USD.
Ark Invest of Cathie Wood has just sold an additional 44.76 million USD worth of Circle stocks (CRCL), after having sold 51.7 million USD the day before. The three ETF funds of Ark, including ARKK, ARKW, and ARKF, have all simultaneously reduced their holdings in the stocks of this stablecoin issuer.
Despite a slight fall of 1.26% during the session, CRCL still closed at 149.15 USD – much higher than the IPO price of 31 USD. The stock price recovered by 2.84% in after-hours trading.
The market is currently closely following the response of CRCL to the recent progress of the stablecoin bill GENIUS, which has just been passed by the U.S. Senate.