Ark Invest buys $3.3 million of Circle shares as stock plunges 17.6%

Cathie Wood’s firm also added to Coinbase, Bullish and Robinhood positions on Tuesday, buying into a sharp drop in Circle’s stock.

Summary

Ark Invest bought $3.3 million worth of Circle shares on Tuesday as the stock fell 17.6%, adding to positions in several crypto-linked trading and market infrastructure names during the selloff. Cathie Wood’s firm also purchased more shares in Coinbase, Bullish and Robinhood, signaling continued interest in companies tied to digital-asset markets and trading activity.

Terms & Concepts
  • Circle: Issuer of the USDC stablecoin
  • Bullish: Digital-asset exchange and media company
  • Robinhood: Online brokerage and trading platform