Cathie Wood's Ark Invest reduced its holdings in stablecoin USDC issuer Circle (CRCL) by 342,658 shares on Monday, cashing out approximately 51.7 million dollars. This sale occurred as CRCL's stock price reached a new high, closing at 151.06 dollars, nearly 5 times the IPO issuance price of 31 dollars. Circle has recently been favored by investors due to the growth of USDC and the favorable GENIUS Act.