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 News Cathie Wood's ARK Invest has stepped up its selling of Circle as CRCL stock has surged nearly 250% since its public debut. ARK sold 609,175 Circle shares from its three funds on Friday (June 20), valued at $146.2 million. The sale came as the company's stock price rose 20.4% on June 20 to close at $240.3, up 248% from its opening price of $69 on the New York Stock Exchange on June 5. The latest sale was ARK's third in the past week of trading, totaling 1.25 million CRCL shares, netting about $243 million based on daily closing prices.
ARK's latest Circle stock sales involved trades across three ARK funds, including the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the 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)