Circle dump: Cathie Wood’s ARK sells another 45 million USD as shares tumble

Cathie Wood’s ARK Invest has sold approximately 642,766 shares of Circle over two days, totaling about 96.5 million USD. This accounts for 14% of their initial investment made during Circle’s public launch.

The recent passing of the GENIUS stablecoin bill in the US Senate did not reflect positively on Circle’s share prices, which declined by 1.3% despite the government backing.