Ark Invest Sells $44.7M in Circle Shares Amid Stablecoin Regulation Win

Cathie Wood’s Ark Invest offloaded 300,108 shares of Circle Internet Group (CRCL) across three ETFs on Tuesday, cashing in $44.7 million as the stock continued its strong post-IPO momentum. CRCL closed at $149.15 on the New York Stock Exchange, maintaining bullish sentiment after a breakout debut earlier this month.

This marks the second consecutive day of profit-taking by Ark, coinciding with the U.S. Senate’s bipartisan approval of the GENIUS Act. The legislation aims to regulate stablecoin issuers like Circle and is being hailed as a positive step for the crypto sector. Circle CEO Jeremy Allaire praised the bill on X, calling it a “genius” move that provides much-needed clarity for the digital asset market.

The GENIUS Act is widely seen as a regulatory milestone that could accelerate institutional adoption of stablecoins and give legitimacy to compliant issuers. Circle, the company behind USDC, is a direct beneficiary of this regulatory clarity, making Ark’s strategic reduction notable despite the favorable outlook.

Ark’s investor notice also revealed a portfolio rotation toward artificial intelligence and semiconductor plays. The firm boosted positions in AMD, considered undervalued after unveiling a new AI roadmap, and in Taiwan Semiconductor Manufacturing Company (TSMC), a major global chipmaker.

As Ark rebalances toward AI infrastructure while capitalizing on crypto gains, its move underscores the dynamic investment landscape shaped by both policy and innovation.