Ark Invest has significantly reduced its holdings in Circle (CRCL), the issuer of USDC, selling 342,658 shares worth approximately $57.1 million on a single day. The sale occurred following a substantial surge in CRCL's stock price, which reached a high of $165.6 before closing at $151.06, a 13.1% increase. The sales were executed through Ark Invest's flagship ARKK, ARKW, and ARKF funds. This move comes after CRCL's impressive performance, trading about 5 times higher than its initial listing price of $31. While the exact reason for the sale remains undisclosed, it could be attributed to profit-taking or portfolio rebalancing strategies within Ark Invest's funds. The market will be watching closely to see if this represents a shift in Ark Invest's long-term outlook on CRCL. ```

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