According to reports, Cathie Wood's Ark Invest reduced its holdings in the stablecoin USDC issuer Circle (CRCL) by a total of 342,658 shares on Monday, cashing out approximately 51.7 million dollars. This sale occurred as the CRCL stock price reached a new high, closing at 151.06 dollars, nearly 5 times higher than the IPO issue price of 31 dollars. Circle has recently been favored by investors due to the growth of USDC and the favorable GENIUS Act.

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