✉news BusinessCrypto first seen 2 d ago, last 2 d ago, peak #20

Ark Invest Buys Circle Shares, Sells Its Own Bitcoin ETF

Original: Ark Invest buys $5.2 million of Circle shares, sells $15.9 million of its own Bitcoin ETF as BTC grinds lower

Cathie Wood's Ark Invest bought $5.2 million worth of Circle shares while selling $15.9 million of its own spot Bitcoin ETF, according to The Block. The trades came as Bitcoin continued grinding lower, drawing attention to Ark's shifting stance on crypto exposure. Observers see the swap as a rotation from direct Bitcoin exposure toward stablecoin and crypto infrastructure plays amid falling prices.

Why now: A prominent crypto-focused fund rotating out of Bitcoin exposure during a price decline draws investor attention.

Ark InvestCircleCathie WoodBitcoin

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• Ark Invest buys $5.2 million of Circle shares, sells $15.9 million of its own Bitcoin ETF as BTC grinds lower · The Block

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