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Jun 18, 2025, 6:39 a.m.
- Ark Invest sold 300,108 shares of Circle Internet Group, totaling $44.7 million, across three ETFs.
- The sale coincided with the U.S. Senate passing the GENIUS Act, a regulatory win for the crypto industry.
- As Ark reduced its Circle stake, it increased investments in AMD and Taiwan Semiconductor.
Cathie Wood’s Ark Invest sold a combined 300,108 shares of Circle Internet Group on Tuesday across three of its ETFs, continuing to take profit , this time to the tune of $44.7 million.
The move came as CRCL closed in New York Tuesday at $149.15 as it continues to maintain investor momentum after a monster rally
STORY CONTINUES BELOW
ARK’s trimming of its CRCL position coincided with a major policy milestone: the , a bill designed to regulate stablecoin issuers like Circle.
The Act is considered an industry win, and , who called it a “genius” piece of legislation in an X post.
An investor notice indicates that as ARK sold CRCL, it increased its positions in chip designer AMD, which has been described as an undervalued AI play following the release of its, as well as Taiwan Semiconductor, a chip manufacturing company.
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Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX’s collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
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