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ARK Invest, led by Cathie Wood, has sold another $44.76 million worth of Circle Internet Group (CRCL) shares, following a $51.7 million sale just a day earlier. Despite the sell-offs, Circle remains a top holding across ARK’s ETFs, reflecting continued confidence in the stablecoin giant.
- ARK Invest sold $44.76M in Circle shares across three ETFs, following a $51.7M sale the previous day.
- Circle remains a top holding in ARK's ETFs, with ARKK's stake valued at $371M (6.13% of its portfolio).
- ARK analysts see Circle's IPO as a sign of institutional confidence in stablecoins and their global financial utility.
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