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Arca’s Chief Investment Officer Jeff Dorman announced the firm has sold all its Circle shares following a dispute over the stablecoin issuer’s IPO allocation. The move comes after Dorman criticized Circle for what he called a ‘throwaway’ allocation despite Arca’s long-time support.
- Arca sold all Circle shares post-IPO due to allocation disputes.
- Jeff Dorman criticized Circle's $135K allocation vs. $10M bid.
- Conflict underscores crypto-traditional finance tensions in public listings.
📎 Related coverage from: cointelegraph.com
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