Ark Invest sells $51.7 million of Circle shares as Circle stock hits new high

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On June 17, according to The Block, as Circle's stock price reached a new high, Cathie Wood's Ark Invest sold a total of 342,658 shares of Circle Internet Group Inc. stock through three exchange-traded funds (ETFs), valued at approximately $51.7 million.

The latest trading documents show that ARK Innovation ETF (ARKK) sold 196,367 shares of Circle stock that day, ARK Next Generation Internet ETF (ARKW) sold 92,310 shares, and ARK Fintech Innovation ETF (ARKF) also reduced its holdings of this stablecoin issuer by 53,981 shares.

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