Ark Invest Buys $13.7M of Circle Shares, Offloads $9.8M Robinhood Holdings on Thursday

CRCL5.12%
HOOD-2.32%
Ark Invest bought 217,896 shares of Circle (CRCL) across three of its ETFs (ARKK, ARKW, and ARKF) on Thursday, July 10, adding roughly $13.7 million to its position. At the same time, the investment firm sold 85,319 shares of Robinhood (HOOD), worth approximately $9.8 million. The trades reflect Ark's active portfolio rebalancing to maintain diversified weightings across its funds. Circle shares fell 1.65% on Thursday and have declined 20.2% over the past month, weighed down by competition from Open USD (OUSD), a new stablecoin backed by over 140 companies including Visa, Stripe, and BlackRock.
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