📈 Circle is experiencing a phenomenal rise on Wall Street. Since its debut, the company’s stock has surged by over 900% in just three weeks. On Monday alone, shares skyrocketed to $300, despite major investor Cathie Wood selling a portion of her holdings.

Ark Invest Sells, Circle Keeps Climbing

Even after Ark Invest, led by Cathie Wood, sold more than 415,000 CRCL shares across three ETFs — worth over $110 million — the momentum did not slow down. Circle’s stock gained 20% intraday, eventually closing at $260.54, up 9.62% on the day. Its market capitalization has now hit $54 billion, surpassing even its own stablecoin, USDC.

The recent ceasefire announcement between Iran and Israel also helped boost investor confidence, pushing the broader market up by about 1%.

Circle IPO Sparks Institutional FOMO

Circle’s blockbuster IPO is now turning heads across traditional finance. According to Hunter Horsley, CEO of Bitwise Invest:

“Circle’s IPO is changing how mainstream investors view the crypto industry. 2025 is the start of crypto’s mainstream era.”

Other major crypto companies — such as OKX and Gemini — are reportedly preparing to follow Circle’s path with IPOs later this year.

VanEck Goes Big on CRCL

Asset manager VanEck has significantly increased its holdings in Circle. CEO Matthew Sigel revealed that VanEck now owns a larger stake than Circle CEO Jeremy Allaire.

On X, Sigel wrote:

“$CRCL is now our largest position at 13% of the $MVDAPP index, with additional positions in our active strategies. We now hold more shares than CEO Jeremy Allaire.”

Cathie Wood Cashes In, Still Holds Big

This is not Ark Invest’s first sell-off. Earlier last week, the firm offloaded a major chunk of its CRCL holdings. Nevertheless, Ark still holds 3.8 million shares, remaining one of the biggest institutional backers.

Ark originally invested $376 million in CRCL during its IPO week when shares traded under $100. With current prices, that investment has now tripled in value.




#Circle , #CathieWood , #ArkInvest , #stockmarket , #CryptoAdoption

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