18-6-2025 – Cathie Wood’s Ark Invest offloaded 300,108 shares of Circle Internet Group across three of its exchange-traded funds, securing a substantial $44.7 million in profits for the second consecutive day. This strategic pruning of its holdings in Circle, whose shares closed at $149.15 in New York, reflects Ark’s calculated approach amid the company’s sustained investor enthusiasm following a meteoric rally in its inaugural trading days earlier this month.
The sale aligns with a pivotal moment for the cryptocurrency sector, as the U.S. Senate passed the bipartisan GENIUS Act, a landmark bill crafted to regulate stablecoin issuers such as Circle. Hailed as a triumph for the industry, the legislation earned praise from Circle’s CEO, Jeremy Allaire, who lauded it as a “genius” step forward in a post on X. The Act’s passage underscores a maturing regulatory landscape, bolstering confidence in stablecoin ventures.
Meanwhile, Ark Invest redirected its capital to bolster stakes in chip designer Advanced Micro Devices (AMD), increasingly viewed as an underappreciated contender in the artificial intelligence arena after unveiling an ambitious roadmap. The firm also deepened its investment in Taiwan Semiconductor, a linchpin in global chip manufacturing. These moves signal Ark’s broader strategy of capitalising on emerging technological frontiers while trimming gains in high-flying assets like Circle, as it navigates the dynamic currents of global markets.
