Ark Invest Sells $44.7 Million in Circle Shares Amid GENIUS Act Passage
Cathie Wood’s Ark Invest sold 300,108 shares of Circle Internet Group (CRCL) across three ETFs, totaling $44.7 million.
Key details:
- CRCL closed at $149.15 in New York after a significant rally since its IPO.
- The sale occurred alongside the U.S. Senate's bipartisan passage of the GENIUS Act, which regulates stablecoin issuers like Circle.
- Circle CEO Jeremy Allaire praised the legislation as "genius."
- Ark Invest increased its positions in AMD and Taiwan Semiconductor during this period.