Ark Invest Trims Circle Stake Again, Increases Exposure to Robinhood and Coinbase
Ark Invest is continuing to scale back its position in Circle as the stablecoin issuer’s stock extends its post-IPO rally. On Monday, the investment firm led by Cathie Wood sold 415,855 shares of Circle across its ETFs, a move worth approximately $109.6 million based on Circle’s closing price of $263.45.
This marks Ark’s fourth major sale of Circle shares in recent weeks. Just last week, the firm offloaded 609,175 shares, part of a broader effort to lock in profits following Circle’s explosive market debut.
Circle went public earlier this month at $31 per share, and its stock has since skyrocketed more than 7.5x, fueled by optimism around the company’s role in the fast-growing stablecoin sector. Circle is the issuer of USDC, the second-largest stablecoin by market cap, widely used across crypto and DeFi markets.
As it reduces its Circle exposure, Ark is rotating into other fintech and crypto-related names. The firm bought 4,198 shares of Coinbase, valued at around $1.3 million, and added a sizable 319,640 shares of Robinhood, worth approximately $24.4 million.
The moves reflect Ark’s active portfolio management strategy—taking profits where appropriate while reinforcing its conviction in platforms like Robinhood and Coinbase that remain central to retail crypto trading and broader digital finance adoption.
