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Ark InvestCoinGape
•Business
Business & Economics
63% Informative
Cathie Wood led Ark Invest dumped nearly 300,000 shares of stablecoin firm Circle (CRCL) within just days of its acquisition following its IPO .
Ark Invest sold 288,677 Circle shares across two different funds ARK Innovation ETF (BATS: ARKK) and ARK Next Generation Internet ETF (ARKW) Circle stock surged by another 13% on Monday , reclaiming the $ 150 levels, clocking nearly 5x gains from its IPO price.
BitMEX CEO believes that Circle has the potential to become a US Treasury company.
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