CoinVoice has learned that, according to The Block, Cathie Wood's Ark Invest sold $51.7 million worth of Circle stock on Monday and then sold another $44.76 million on Tuesday.
This sell-off involves three funds: ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF. Circle's stock price fell 1.26% on Tuesday, closing at $149.15, still far 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, the GENIUS Act. [Original link]
