Cathie Wood's Ark Invest Sells

$51.7M Worth of Circle Shares!

Ark Invest, led by Cathie Wood, has just sold over 342,000 shares of Circle (CRCL) — worth around $51.7 million — after the company's stock hit a record high of $151.06.

That's nearly 5 times its IPO price of $31. The shares were sold from three of Ark's ETFs: ARKK, ARKW, and ARKF.

Circle is best known as the issuer of the USDC stablecoin, and this major sale has caught the attention of the entire crypto market.

The stock jumped 13% in one day — making this move either a smart profit-taking strategy or a signal that something big could be coming.