Ark Invest sold $110 million worth of Circle shares.

Gate News bot news, due to Circle stock continuing to soar after its IPO, Cathie Wood's Ark Invest sold $109.6 million worth of Circle stock on Monday through its three exchange-traded funds.

According to the latest trading documents, Ark Invest has sold a total of 415,844 shares of Circle stock. The ARK Innovation ETF (ARKK) sold 306,921 shares of Circle stock, while the ARK Next Generation Internet ETF (ARKW) sold 72,302 shares. The ARK Fintech Innovation ETF (ARKF) also sold 36,621 shares of this stablecoin issuer.

According to Yahoo Finance data, Circle's stock code is CRCL, which has risen for the third consecutive day, closing up 9.6% on Monday at $263.45, and increasing another 2.7% in after-hours trading. Its market value reached $68.9 billion, temporarily surpassing the market values of Coinbase and USDC on the same day.

Ark Invest's latest profit-taking occurred after purchasing 4,486,560 shares of Circle stock during the company's debut on the New York Stock Exchange on June 5. Circle conducted an $1.1 billion IPO at a price of $31 per share, entering the public market, which means the stock has provided investors with nearly 600% returns.

In the past week, the U.S. Senate passed a landmark stablecoin bill - the "GENIUS Act" - and submitted it to the House of Representatives for further review, causing Circle's stock price to rise. U.S. President Donald Trump urged the House to quickly advance the bill and "get it to my desk as soon as possible."

On the same Monday, Ark Invest's ARKK purchased 319,640 shares of Robinhood stock, worth about $24.4 million, while ARKW and ARKF jointly bought 4,198 shares of Coinbase stock, worth about $1.3 million.

The Nasdaq Composite Index closed up 0.94% today, while the Dow Jones Industrial Average rose by 0.89%.