$50 Million Gamble or Genius Move? Eyenovia’s Big Blockchain Bet
Ark Invest Dumps Nearly $45M Worth of Circle Shares as U.S. Senate Passes GENIUS Act
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Sam Reynolds
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By Sam Reynolds|Edited by Parikshit Mishra
Jun 18, 2025, 6:39 a.m.
- Ark Invest sold 300,108 shares of Circle Internet Group, totaling $44.7 million, across three ETFs.
- The sale coincided with the U.S. Senate passing the GENIUS Act, a regulatory win for the crypto industry.
- As Ark reduced its Circle stake, it increased investments in AMD and Taiwan Semiconductor.
Cathie Wood’s Ark Invest sold a combined 300,108 shares of Circle Internet Group on Tuesday across three of its ETFs, continuing to take profit for a second day in a row, this time to the tune of $44.7 million.
The move came as CRCL closed in New York Tuesday at $149.15 as it continues to maintain investor momentum after a monster rally during its first days of trading earlier this month.
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ARK’s trimming of its CRCL position coincided with a major policy milestone: the U.S. Senate’s bipartisan passage of the GENIUS Act, a bill designed to regulate stablecoin issuers like Circle.
The Act is considered an industry win, and was welcomed by Circle CEO Jeremy Allaire, who called it a “genius” piece of legislation in an X post.
An investor notice indicates that as ARK sold CRCL, it increased its positions in chip designer AMD, which has been described as an undervalued AI play following the release of its recent roadmap, as well as Taiwan Semiconductor, a chip manufacturing company.
Read more: ARK Invest Offloads Over $50M in Circle Shares as Stock Extends Rally
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX’s collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
