According to ChainCatcher, as reported by The Block, Ark Invest, led by Cathie Wood, sold an additional $44.76 million in Circle stock on Tuesday after selling $51.7 million on Monday.
This sell-off involves three funds: ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF. Circle's stock price closed down 1.26% on Tuesday, at $149.15, still well above the IPO price of $31. The market is paying attention to Circle's stock price reaction to the progress of the U.S. stablecoin legislation GENIUS Act.
