The sell-off spanned three of Ark’s exchange-traded funds (ETFs). The ARK Innovation ETF (ARKK) offloaded the largest chunk at 208,654 shares. It was followed by the ARK Next Generation Internet ETF (ARKW), which sold 65,320 shares, and the ARK Fintech Innovation ETF (ARKF), which parted with 26,134 shares.
The latest sale comes after CRCL posted its first dip on the New York Stock Exchange since going public earlier this month. On June 17, Circle’s share price slightly dropped by 1.2%, closing at $149.15.
This slight pullback marked a notable shift for the stablecoin issuer, which had maintained a bullish trajectory since its debut.
Despite the decline, CRCL shares have shown signs of recovery. Pre-market data indicates the stock has bounced back with a 3.43% gain, hinting at renewed investor confidence.
