The Ark Invest of Cathie Wood cut its participations in its considerable position of the circle (CRCL) on Monday, selling shares worth $ 51.8 million, since the shares of the stablecoin issuer extended its rally.
ARK sold a total of 342,658 shares in three of its funds (ETF) quoted in the stock market actively administered, according to a daily email. The ETF of Innovation ARK (ARKK) unloaded 196,367 shares, Arkw sold 92,310 and Arkf cut 53,981.
Circle, the USDC Stablecoin issuer, increased 13% in the day, closing Monday in New York to $ 151.06. He has won every day, but two since they appear on June 5. The shares have risen almost five times since its OPI price of $ 31.
Ark bought $ 373 million in a circle on its first day of commerce at the NYSE.
Wood’s fund also recently cut positions in other companies linked to cryptography such as Coinbase (Coin) and Robinhood (Hood).
