Ark once again sold more than 600,000 shares of Circle stock, making a net profit of $243 million in the past three sales

Odaily Planet News - Due to the CRCL stock soaring nearly 250% since its public listing, Cathie Wood's ARK Invest has intensified its selling of Circle shares. On Friday (June 20), ARK sold 609,175 Circle shares from its three funds, valued at $146.2 million. This sale occurred when the company's stock rose 20.4% on June 20, closing at $240.3, an increase of 248% from the New York Stock Exchange's opening price of $69 on June 5. The latest sale is the third sale by ARK in the past week, with a total of 1.25 million CRCL shares sold, earning approximately $243 million based on daily closing prices. The latest Circle stock sale involved trades from three ARK funds, including ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). The largest fund, ARKK, sold 490,549 CRCL shares, while ARKW and ARKF sold 75,018 and 43,608 shares respectively. (Cointelegraph)