#CryptoStocks ARK Invest, the asset manager favorable to cryptocurrencies founded by prominent Bitcoin advocate Cathie Wood, is realizing its first gains from its exposure to the stablecoin issuer Circle just 11 days after its public launch.

On Monday, ARK sold 342,658 shares of Circle (CRCL) worth $51.7 million from its three funds, according to a trading notice obtained by Cointelegraph.

The sale marks ARK's first divestment of CRCL shares since Circle debuted on the New York Stock Exchange (NYSE) on June 5.