ARK Invest Buys $13.9M of Circle Shares and Trims Robinhood Stake

Overview

• Ark added 220,012 Circle shares worth about $13.9 million and bought 19,029 Block shares worth roughly $1.52 million while selling 27,742 Robinhood shares valued near $3.15 million, according to its latest daily filing on Tuesday.
• Circle’s stock has fallen about 24% over the past month after the launch of the Open USD stablecoin and a downgrade from Mizuho that cut its price target from $85 to $50.
• Ark executes purchases when a holding’s market drop reduces its weight and trims positions that rise to keep any single stock below the firm’s roughly 10% per‑holding cap.
• The moves deepen Ark’s exposure to crypto and fintech infrastructure, concentrating the firm’s funds on businesses whose revenue can swing with stablecoin market share and interest income on reserves.
• Investors should watch Open USD’s market share and short‑term flows driven by Ark’s transparent daily disclosures because those factors and interest‑rate changes could materially affect Circle’s revenue and stock price.