ARK Continues to Sell Hundreds of Millions of Dollars of Circle Shares in Two Days
Ark Invest, the investment firm led by Cathie Wood, continues to sell Circle shares. In fact, they have recently offloaded nearly US$100 million in Circle shares in the last two days.
Additionally, Ark sold 300,108 Circle shares from three of its funds worth US$44.7 million according to TradingViews, on Tuesday, (17/06). This sale occurred amid a plunge in Circle's shares on the same day.
Furthermore, the largest fund that Ark released included the Ark Innovation ETF (ARKK) with 208,654 shares, as well as shares from the ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF) with 65,320 shares and 26,134 shares respectively. Therefore, in the last two days, Ark reportedly sold a total of 642,766 Circle shares worth US$96.5 million.