ARK Invest sells Circle shares worth $ 146.2 million-despite the price increase of almost 250% since the stock exchange debut

ARK Invest sells Circle shares worth $ 146.2 million-despite the price increase of almost 250% since the stock exchange debut
ARK Invest sells Circle (CRCL) shares worth $ 146.2 million
Cathie Woods Ark Invest sold Circle (CRCL) shares worth $ 146.2 million on Friday. This happened despite an impressive increase in the share price, which has increased by almost 250% since June 5.
Circle, the company behind the popular StableCoin USD Coin (USDC), has attracted a lot of attention in recent months. The rapid increase in the share price could indicate the growing interest in cryptocurrencies and digital financial technologies.
The sale of shares by ARK Invest raises questions about the future development of circle and the cryptocurrency market. Investors and analysts observe the developments closely to derive possible trends and strategies.
With the decision to sell part of the shares, ARK Invest could pursue a strategy to realize profits or to realign the portfolio.
The market dynamics and reactions to such sales are of great interest to investors, especially in such a volatile market as that of cryptocurrencies.
Overall, it remains to be seen how Circle and the market for digital currencies will develop in the coming months.