Cathie Wood Sells $44.8M More Circle Shares After $51.7M Dump
Cathie Wood’s Circle shares have been sold off in massive amounts, and it’s creating quite a stir right now. Ark Invest dumped another $44.76 million worth of Circle Internet Group Inc. stock on Tuesday, and this comes just one day after their $51.7 million divestment on Monday. This Circle stock sell-off totaling $96.5 million highlights the ongoing crypto market volatility that’s been affecting institutional investors, and it also shows how crypto regulatory risks are influencing Cathie Wood’s crypto investment decisions at the time of writing. Also Read: Circle and Matera Join Forces to Power Global Stablecoin Use How Cathie Wood Circle Shares Sell-Off Reflects Crypto Market Risks Source: Forbes The Double Sell-Off Details Cathie Wood’s team executed the massive sell-off of Circle shares across three different Ark ETFs on Tuesday, and the numbers are quite significant. The ARK Innovation ETF (ARKK) got rid of 208,654 Circle shares, while the ARK Next Gen...