Ark’s Ark’s Cathie Wood is nearly $ 100 million, and still optimistic about Stablecoin Giant

Ark Invest, led by Cathy Wood, sold other shares worth $ 44.76 million at Circle Internet Group Inc. (CRCL). This came only one day after the company was sold at a value of $ 51.7 million in shares.

It included the latest sale of three ARK exchange boxes (ETFS). ARK Innovation ETF (Arkk) sold 208,654 shares from Circle. Meanwhile, Ark Generation Internet ETF (ARKW) and Ark Fintech Innovation ETF (ArkF) canceled the download of 65,320 and 26,134 shares, respectively.

The circle keeps strongly in the coffin boxes

Despite the last sales, CRCL is still the top in all three ARK boxes. ARKK, which runs more than $ 5 billion of assets, still holds the largest share of $ 371 million, which represents about 6.13 % of its wallet.

ARKW keeps Circle with a value of $ 115 million, or 6.05 % of its assets, which are located behind its Roblox (RBLX), with a rate of 6.33 %. ARKF, the three smallest by management assets, owns $ 68.6 million of Circle shares, which represents about 6.16 % of its wallet.

I started sharing the Arc with Circle early. Before the company announced publicly, ARK via plans to buy up to $ 150 million. Its location increased later as Circle raised the volume of public subscription to meet the high demand.

CRCL first appeared on the New York Stock Exchange on June 5, and opened at $ 31 per share. The stock rose to more than $ 163 by June 17, before declining slightly to $ 153, according to Yahoo’s funding Data. Even after the correction, 390 % remains much higher than the public subscription base price of $ 31.

Why is Ark still believe in the circle

Although ARK has reduced its exposure, its research team remains optimistic about the broader role in the financial system.

In a conversation a reportARK analysts called Circle a sign of the growing institutional confidence in Stablecoins. They said the increasing demand reflects a broader acceptance of these Blockchain assets.

Ark noted that companies such as Circle and Tether help make US dollars easier in areas with weak currencies or limited bank access. By using Blockchain networks, these companies facilitate border transfers faster and more effective.