Ark Invest Moves 30 Million into Circle
Ark Invest has acquired approximately 30 million worth of Circle Internet Group shares, marking a clear pivot towards fintech and stablecoin infrastructure. The move reflects the companys confidence in the future of blockchain-based payments and digital finance.
The purchase comes shortly after the firm sold roughly 30.3 million in Tesla shares. According to its daily trading update, Ark Invest distributed the new Circle acquisition across three of its exchange-traded funds.
The acquisition totalled around 353,000 Circle shares. Each ETF added a proportionate number, with the ARK Innovation ETF purchasing the largest allocation. The firms leadership described the move as a deliberate reallocation strategy.
