ARK Invest Makes Bold Bet on Circle as Stablecoin Giant Enters Wall Street

Circle’s arrival on the New York Stock Exchange sent shockwaves through the market, and Cathie Wood’s ARK Invest wasted no time jumping in.

ARK snapped up nearly 4.5 million shares—worth over $370 million—across three of its ETFs, signaling strong conviction in the stablecoin issuer’s public debut.

Trading under the ticker CRCL, Circle’s shares opened at $31 but soared to a high of $96 before closing the day up 168%. The IPO—Circle’s third attempt after two prior efforts fell short—was closely watched as a potential benchmark for other crypto-native firms eyeing the public markets.

With USDC’s $60 billion supply, Circle ranks just behind Tether in the stablecoin race. CEO Jeremy Allaire described the public listing as a leap toward modernizing finance through blockchain. The listing comes amid a fragile market climate, where Circle’s success could influence the IPO ambitions of firms like Kraken and Animoca Brands.#BlackRockETHPurchase #CircleIPO #MarketPullback #BinanceAlphaAlert #EDGENLiveOnAlpha