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According to Cointelegraph, due to CRCL stock rising nearly 250% since its public listing, Cathie Wood's ARK Invest has intensified its selling of Circle shares. On Friday (June 20), ARK sold 609,175 shares of Circle from its three funds, valued at $146.2 million. This sale coincided with the company's stock price rising 20.4% on June 20, closing at $240.3, an increase of 248% from the opening price of $69 on the New York Stock Exchange on June 5. The latest sale marks ARK's third sell-off in the past week, totaling 1.25 million shares of CRCL stock, netting approximately $243 million based on the daily closing price. ARK's latest sale of Circle shares involved trades from three ARK funds, including the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). The largest fund, ARKK, sold 490,549 shares of CRCL, while ARKW and ARKF sold 75,018 shares and 43,608 shares, respectively. Previously, it was reported that Ark sold $44.76 million in Circle shares again, cashing out nearly $100 million over two consecutive days.