Ark Invest Offloads more than $ 50m in Circle (CRCL) shares as the stock expands rally

Cathie Wood’s Ark Invest has been holding its holdings in a large circle (CRCL) Monday, which sells $ 51.8 million worth of sharing, as the Stablecoin Issuer’s stock has expanded its rally.

The Ark sold a total of 342,658 shares of three of the actively managed funds exchanged (ETF), according to a daily email. The Ark Innovation ETF (Arkk) offloaded 196,367 shares, Arkw sold 92,310 and the Arkf had 53,981.

The Circle, the USDC Stablecoin gave, rose 13% during the day, which closed Monday in New York at $ 151.06. It got daily but two since it was listed on June 5. The shares have climbed almost five times from their IPO price of $ 31.

Ark bought $ 373 million worth of circle On the first day of trading in Nyse.

Wood funds have recently been trimmed positions with other crypto companies such as Coinbase (Coin) and Robinhood (Hood).