
Cathie Wood's ARK Invest Sells Off Circle Shares Amidst Market Volatility and Legislative Wins
Cathie Wood's ARK Investment Management has been actively selling off its shares in Circle, the issuer of the USDC stablecoin, amidst significant market fluctuations. These divestments, totaling hundreds of millions of dollars, occurred as Circle's stock experienced substantial gains and losses, and coincided with key legislative