Cathie Wood’s Ark Invest sells a group of 300,108 shares of Circle Internet Group Continue to profit from its three ETFs on Tuesday The second day in a rowthis time it reached $44.7 million.
The move comes as CRCL closed $149.15 in New York on Tuesday as it continues to maintain investor momentum after the monster rally On the first day of trading earlier this month.
Ark’s pruning of its CRCL position coincides with a major policy milestone: Bipartisan adoption of the U.S. Senate’s Genius ActThe bill aims to regulate stable issuers such as circles.
The law is considered an industry victory, and Welcomed by Circle CEO Jeremy Allairehe called it “genius” legislation in X post.
Investor notices indicate that as Ark sells CRCL, it has increased its position in chip designer AMD, which has been described as an underrated AI game after release. Recent roadmapand chip manufacturing company Taiwan Semiconductor.
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