Cathie Wood's Ark Invest reduced its holdings of stablecoin USDC issuer Circle (CRCL) shares on Monday, totaling 342658 shares, cashing out approximately $51.7 million. The sale occurred at a time when CRCL's stock price hit a new high, closing at $151.06, nearly five times higher than the IPO issue price of $31. Circle has recently been sought after by investors due to the growth of USDC and favorable GENIUS laws. （TheBlock） https://www.theblock.co/post/358458/cathie-woods-ark-invest-sells-51-7-million-worth-of-circle-shares-as-stock-hits-new-high