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ARK buys $6.83 million of Circle shares, adds 3iQ Solana Staking ETF

ARK buys $6.83 million of Circle shares, adds 3iQ Solana Staking ETF

Cathie Wood's firm added 109,129 Circle shares across three ARK funds after Circle secured a New York trust charter, while also increasing Solana exposure through 3iQ's staking ETF and buying CoreWeave.

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Fact Check
The core claim is corroborated by multiple independent sources. crypto.news, edgex/Blockonomi, KuCoin, and Coingape all report ARK purchased 109,129 Circle shares (~$6.83M) across three ARK funds (ARKK, ARKW, ARKF) on July 31, 2026 following Circle's NYDFS limited-purpose trust charter. KuCoin and Coingape confirm the added 3iQ Solana Staking ETF exposure and CoreWeave purchase. The only minor discrepancy is the dollar figure being rounded to $6.7M by one Yahoo Finance headline versus $6.83M elsewhere, but the precise $6.83M matches the share count (109,129 x $62.61 ≈ $6.83M).
Summary

ARK Invest bought about $6.83 million of Circle shares on July 31, adding 109,129 shares of the stablecoin issuer at Circle's $62.61 closing price one day after the New York Department of Financial Services granted a limited purpose trust charter to Circle Internet Trust Company LLC. The purchases were split across ARKK, ARKW and ARKF and came as Circle added state-level authority in New York on top of the OCC national trust bank approval it received on July 10. ARK also added 11,784 shares of the 3iQ Solana Staking ETF, marking its third tranche of SOLQ.U buying in under a week, and bought 298,243 CoreWeave shares while trimming positions including Shopify, CrowdStrike, Cloudflare, Snowflake, 10x Genomics, Komatsu, Iridium Communications, Strata Critical Medical and Figma. Circle's stock closed down 2.54% on July 31 despite the regulatory approvals and traded at $61.59 on August 2, with analysts divided as the company heads into its August 5 second-quarter earnings report.

Terms & Concepts
  • stablecoin issuer: A company that creates and manages digital tokens designed to maintain a stable value, often by being tied to a fiat currency.
  • limited purpose trust charter: A state authorization that lets a firm carry out certain trust and financial activities under banking-style supervision.
  • Solana Staking ETF: An exchange-traded fund that gives investors exposure to Solana and, in some structures, income from staking rewards.