Cathie Wood sold at the top: 'Crypto stock' was disposed of.

ARK Invest, known for its investments in technology stocks and crypto ETFs, sold a $51 million portion of its investment in Circle. According to the notification made to the SEC, the company sold 342,658 shares belonging to Circle Internet Group Inc. The sales generated $51.7 million.

In the sales from ARK Invest's 3 ETFs; 196,367 shares were sold from the ARK Innovation fund, 92,310 shares from the ARK Next Generation fund, and 53,981 shares from the ARK Fintech Innovation fund.

Ran from peak to peak

The shares of the USDC issuer company that went public on June 5 have been rising more each week and reached a peak yesterday. The closing share value, which rose to 165 dollars, ended at 151 dollars, but that was still a record.

Jeremy Allaire, CEO of Circle, stated that he thinks the interest in stablecoins will continue to increase and said, "Stablecoins will attract attention like the iPhone. That day has not yet come, but it will come soon."

Cathie Wood, who is also an important Tesla investor, has stated that she expects the shares of the electric vehicle manufacturer to reach 2600 dollars by 2029.

Published: June 17, 2025 15:03Last Updated: June 17, 2025 15:09