ARK Trims Circle Position by $50M+ as Stock Continues Uptrend

Editorial/Opinion Style

ARK Invest Scales Back Circle Stake After Blockbuster Rally—Is the Top In?

ARK Invest is starting to cash in on one of its boldest crypto bets of the year.

On Monday, Cathie Wood’s firm sold $51.8 million worth of Circle (CRCL) stock as the company’s share price soared to $151.06—up nearly 5x from its $31 IPO earlier this month. The sale, which spanned three ETFs (ARKK, ARKW, ARKF), marks the first major trim of ARK’s $373 million position taken on listing day.

While the move may reflect routine profit-taking, it also raises a question: Has Circle’s rally run too far, too fast?

Circle, the issuer of USDC, has benefited from the narrative around regulated stablecoins, institutional demand, and crypto’s resurgence in 2025. But with such a sharp post-IPO rise, even its biggest backers may be feeling cautious.

ARK has also cut back on holdings in Coinbase and Robinhood, suggesting a broader rebalancing in response to crypto equity valuations reaching new highs.

Whether this signals a local top or simply smart risk management remains to be seen—but for now, ARK is taking some chips off the table.