The post ARK Invest Circle Stock: $37M Bet on Dipped Shares appeared on BitcoinEthereumNews.com.
ARK Invest has been buying Circle Internet Group stock with unusual intensity — and on July 9, the firm added another 217,896 shares of Circle (CRCL) worth approximately $13.7 million, even as the stock slid further from its post-IPO highs. At the same time, ARK sold off 85,319 shares of Robinhood Markets (HOOD), generating around $9.8 million in proceeds. The contrast is deliberate: selling into strength, buying into weakness, all in a single session. Key takeaways ARK Invest bought 217,896 Circle shares for ~$13.7 million on July 9, while selling 85,319 Robinhood shares for ~$9.8 million. ARK has now deployed over $37 million into Circle in roughly eight weeks, including ~$18 million on July 1 and ~$5.5 million in May. Circle’s stock closed at $63.01 on July 9, down 1.65%, and remains well below its post-IPO peak after initially surging nearly 300% from its offering price in 2025. Circle
The post Circle Stock Climbs 15% in Pre-Market After Final OCC Approval appeared on BitcoinEthereumNews.com.
Circle stock climbed nearly 15% in pre-market trading Friday after Circle Internet Group (NYSE: CRCL) won final approval to open a federally regulated national trust bank. The gain reversed a sharp recent selloff. The jump followed a rough stretch for CRCL. Shares had swung from a 52-week high near $263 to near $63 as a new stablecoin rival emerged. Circle (CRC) Stock Performance. Source: Yahoo Finance Why Circle Stock Climbed on the OCC Approval The Office of the Comptroller of the Currency (OCC) cleared Circle to open Circle National Trust, a national trust bank. The decision moves Circle beyond the conditional approval it won in December 2025. Just in – @circle received final OCC approval to establish a National Trust Bank 🇺🇸 Circle received approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank, N.A., a nati
The post CRCL Stock Outlook: ARK Invest Dismisses OUSD Threat to Circle as Cathie Wood Scoops $13M Shares appeared on BitcoinEthereumNews.com.
Circle (NYSE: CRCL) stock dropped by 1.65% on July 9, to close trading at $63. The drop mirrored the downturn seen with other crypto stocks like MSTR and COIN that also closed lower on July 9 after the broader crypto market dropped. But that drop moved ARK Invest to buy the dip, with the fund manager arguing that Circle’s USDC stablecoin will retain its share in the stablecoin market despite the launch of the OUSD stablecoin on June 30. ARK Invest Buys the CRCL Dip, Reiterates Bullish Outlook Data from the Ark Invest tracker shows that ARK Invest purchased $13.7 million worth of CRCL shares on July 9. The firm purchased 159,404 of these shares through its ARKK ETF, while 40,685 and 18,807 CRCL stock were purchased through the ARKW and ARKF ETFs, respectively. This purchase comes barely two weeks after ARK Invest purchased another $17.8 million w
The post ARK Invest Pours $13.7M Into Circle (CRCL) Stock, Dumps Robinhood (HOOD) Shares appeared on BitcoinEthereumNews.com.
Key Highlights On July 9, ARK Invest acquired 217,896 shares of Circle Internet Group valued at approximately $13.7M The firm simultaneously offloaded 85,319 Robinhood Markets shares valued at roughly $9.8M Total Circle investments by ARK have exceeded $37M within approximately two months of 2026 Circle stock has plummeted 68% year-over-year while Robinhood has climbed more than 21% Analyst consensus places Circle’s price target at $131.76, suggesting potential 109% gains Cathie Wood’s investment firm ARK Invest acquired 217,896 shares in Circle Internet Group during trading on July 9, allocating approximately $13.7 million to the purchase. During the same session, the investment manager divested 85,319 Robinhood Markets shares, generating around $9.8 million in proceeds. Shares of Circle concluded the trading day at $63.01, representing a 1.65% decline. ARK’s d
Ark Invest's strategic shift highlights a focus on potential growth in stablecoins, reflecting broader market confidence in digital finance evolution.
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The post Cathie Wood Warns Ripple-Backed OUSD May Not Challenge USDT, USDC appeared on BitcoinEthereumNews.com.
Cathie Wood has said Ripple-backed OpenUSD may struggle to challenge USDT and USDC, even with major corporate names behind it, because stablecoin markets depend on liquidity, trust, collateral use, and daily platform integration. ARK Says Stablecoin Moats Are Built on Use According to the ARK Invest CEO, stablecoins are like the monetary networks that evolve with increasing adoption by user bases, exchanges, wallets, and payment companies. She added that USDT and USDC have already established robust network effects in the crypto trading and payments space and DeFi. In a research note, ARK Invest Director of Digital Assets Lorenzo Valente suggested that OUSD’s odds of supplanting the two biggest stablecoins are low. In his blog post “Why USDT and USDC are harder to kill than crypto Twitter thinks”, Valente also cautioned that many market participants may be overly optimistic a
The post Can Established Players Maintain Their Grip on the Stablecoin Sector? appeared on BitcoinEthereumNews.com.
As stablecoins continue to rise in prominence within the financial sector, ARK Invest CEO Cathie Wood believes that the market will largely remain under the control of current dominant issuers. Tether‘s USDT and Circle’s USDC, she asserts, have cemented their positions through extensive network effects, creating formidable challenges for any emerging competitors. Continue Reading:Can Established Players Maintain Their Grip on the Stablecoin Sector? Source: https://en.bitcoinhaber.net/can-established-players-maintain-their-grip-on-the-stablecoin-sector
The post Robinhood CEO Vlad Tenev Sells 375,000 HOOD Stock appeared on BitcoinEthereumNews.com.
Robinhood CEO Vlad Tenev sold 375,000 HOOD shares worth $43.6M under a Rule 10b5-1 plan. The sale was scheduled months in advance, making it a routine insider sale. Tenev still owns about 48.3M Class B shares worth over $5B, keeping a major stake in Robinhood. Robinhood Markets CEO Vlad Tenev has sold 375,000 shares of Robinhood worth about $43.56 million, according to a newly disclosed SEC Form 4 filing. The transactions were executed on July 6 at a weighted average price of $116.17 per share. They were made under a pre-arranged Rule 10b5-1 trading plan adopted on Sept. 5, 2025. Despite the sale, Tenev remains one of Robinhood’s largest shareholders. He still owns about 48.3 million Class B shares, valued at more than $5 billion at current market prices. Sale Made Under Rule 10b5-1 Plan The filing shows Tenev first converted 375,000 Class B shares into Class A shares before selling them
ARK's shift from AMD to crypto signals a strategic pivot towards emerging tech, potentially influencing investor sentiment and market dynamics.
The post ARK Invest sells $8M of AMD stock in single day appeared first on Crypto Briefing.
