ARK Invest bought 4.5 million Circle shares on its first day, and CRCL rose more than 50% on its first day

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According to CoinDesk from Foresight News, ARK Invest led by Cathie Wood bought nearly 4.5 million shares of Circle (stock code CRCL) on its first day of listing on the New York Stock Exchange, with a value of $373 million based on the closing price. Circle opened at $69, rose to a high of $103.75 during the day, an increase of about 50%, and ultimately closed at $83.23, far higher than its IPO price of $31.

ARK simultaneously reduced its holdings in Coinbase (COIN) by approximately $39 million, Robinhood (HOOD) by about $18.5 million, and Block (XYZ) by around $10.4 million to adjust its exposure to crypto-asset-related investments.

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