Cathie Wood sells Robinhood to buy Circle—this rebalancing pace is very Ark-like—always betting on the next narrative; stablecoin infrastructure is now her favorite.

HOOD-5.78%
CRCL-0.20%
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WuSaidBlockchainW
Cathie Wood’s Ark Invest bought a total of 217,896 shares of Circle (CRCL) worth approximately $13.7 million through three ETFs—ARKK, ARKW, and ARKF—on July 9. At the same time, it sold 85,319 shares of Robinhood (HOOD), worth approximately $9.8 million. Ark Invest will proactively adjust its ETF holdings to ensure no single stock’s weighting in a fund portfolio exceeds 10%. (The Block)
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