Cathie Wood Adds Circle Shares After New York Trust Approval
Key Insights:
- Cathie Wood adds Circle shares worth about $6.83 million across three ARK ETFs.
- NYDFS approved Circle to operate as a New York limited-purpose trust company.
- CRCL fell 2.54% as ARK also bought CoreWeave and a Solana staking ETF.
Cathie Wood added Circle shares as ARK Invest expands its exposure to the USDC issuer. The purchase follows a New York regulatory milestone. The investment manager bought 109,129 CRCL shares across three actively managed exchange-traded funds on July 31. The position was worth about $6.83 million using Circle’s current price of $62.61.
CRCL still ended 2.54% lower, showing that the charter approval did not immediately lift market demand. ARK also purchased CoreWeave and a Solana staking ETF while reducing several software and technology holdings.
The activity shows ARK rotating capital toward crypto infrastructure and artificial intelligence despite weaker prices across those names.
Cathie Wood Adds Circle Shares Across Three ARK Funds
ARK’s daily trade disclosure showed the ARK Innovation ETF bought 77,103 Circle shares. That purchase represented 0.0833% of the fund’s portfolio.
