The Cathie Wood investment company, Ark Invest, continued Dumping Circle Actions after selling 1.25 million CRCL shares last week for around $ 243 million.
ARK sold another 415,844 circle shares of its funds for $ 109.6 million on Monday, according to a commercial notification seen by Cointelegraph.
The transactions marked the fourth circle landfill by ARK since the asset manager began to download the CRCL actions last Monday, only 11 days after the public launch of Circle in the New York Stock Exchange (NYSE).
With the new sale, Ark has now sold 1.7 million circular shares, which represents 37% of its purchase of 4.5 million CCL made on June 5.
ARK’s funds still have 2.6 million circle shares
The last sale of ARK involved transactions of the three retention funds, including the ETF of innovation ARK (ARKK), the ETF of the Internet of ark generation (ARKW) and the ETF of innovation Ark Fintech (ARKF).
Arkk, the largest ARK fund with assets under administration (AUM) or $ 5.6 billion, sold 306,921 circular shares on June 23, which still has approximately 1.7 million shares, representing approximately 6.8% of the total assets of the fund.
The other two funds, Arkw and Arkf, downloaded 72,302 shares and 36,621 shares, respectively, which resulted in holdings of 625,645 shares and 369,128 shares, or 994.73 combined CRCL shares.
The three funds together had 2.6 million shares in a circle after the new sale, valued at around $ 69.9 million depending on the CCL closing price of $ 263.4 on Monday.
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