Ark Invest Sells Approximately $95 Million of Circle Shares Over Two Consecutive Days

BlockBeats news, on June 18, according to CoinDesk, Cathie Wood's Ark Invest continued its selling spree of Circle stocks, offloading a total of 300,108 shares across its three exchange-traded funds (ETFs) on Tuesday, amounting to $44.7 million. On Monday, when Circle stock hit a new all-time high, Ark Invest sold a combined 342,658 shares valued at approximately $51.7 million.

Previously, it was reported that ARK Invest purchased nearly 4.5 million shares of stablecoin issuer Circle (Ticker: CRCL) on its first day of trading, with the position valued at $373 million based on the closing price that day.