INSUBCONTINENT EXCLUSIVE:
ARK Invest, the cryptocurrency-friendly asset manager founded by prominent Bitcoin bull Cathie Wood, is taking the first profits from its
exposure to stablecoin issuer Circle just 11 days after its public launch.On Monday, ARK offloaded 342,658 Circle (CRCL) shares worth $51.7
shares since Circle debuted public trading on the New York Stock Exchange (NYSE) on June 5.ARK acquired 4.49 million Circle shares on the
first day of trading for its three funds
Source: ARK InvestARK acquired about 4.49 million shares of Circle common stock on the first day of trading, valued at $373.4 million at the
including the ARK Innovation ETF (ARKK), ARK Next Generation internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF).ARKK,the largest ARK
fund with assets under management (AuM) of $5.6 billion, holds the largest CRCL position at $387.7 million, accounting for roughly 6.6% of
its total assets.Circle (CRCL) is the fifth-largest asset in the ARKK fund with a weight of 6.55%
Source: ARK InvestARKW holds $124 million CRLC shares, or 6.7% of its total assets, following Coinbase with a weight of 6.8%
ARKF, the smallest fund among the three in AUM, holds $72 million CRCL shares, or 6.7% of its assets.Circle shares are up 118% since
The company increased its purchase volume following multiple initial public offering (IPO) upsizings in response to massive demand from
investors.After debuting trading on the NYSE at $69 per share, Circle shares have seen a massive rise, surging past $164 on June 16,
The stock is up around 118% since launch, closing at $151 yesterday.Circle (CRCL) all-time price chart as of June 17
stablecoins have seen a shift in public perception of the crypto industry.Related: Arthur Hayes says to trade new stablecoin IPOs like a
founder and CEO Wood is known as a major Bitcoin (BTC) bull
In February 2025, she predicted that Bitcoin may reach $1.5 million by 2030 amid rising institutional adoption and growing demand for BTC as
