Recently, ARK Invest, led by Cathie Wood, made a notable investment decision. Against the backdrop of Circle's stock price continuing to rise, ARK Invest sold approximately $109.6 million worth of Circle shares through its three ETF funds.

Specifically, Ark Invest has reduced its holdings by a total of 415,844 shares of Circle stock. Among them, the 'ARK Innovation ETF' (ARKK) reduced its holdings by 306,921 shares, the 'ARK Next Generation Internet ETF' (ARKW) reduced its holdings by 72,302 shares, while the 'ARK Fintech Innovation ETF' (ARKF) reduced its holdings by 36,621 shares.

It is worth noting that Circle's stock performance has been impressive. According to market data, Circle's stock (ticker symbol CRCL) closed at $263.45 on Monday, up 9.64% from the opening price that day. Even more astonishing is that over the last three trading days, Circle's stock price has risen a cumulative 76%, far exceeding its initial public offering (IPO) price of $31.

This round of price increase caused Circle's market capitalization to soar to 68.9 billion USD, even surpassing the market capitalization of its issued stablecoin USDC during the same period. This phenomenon has sparked widespread discussions in the market regarding the valuation of stablecoin issuers.

Interestingly, Ark Investment had previously made a significant purchase when Circle just listed on the New York Stock Exchange, acquiring 4,486,560 shares of Circle stock. This reduction in holdings may reflect the investment firm's judgment on short-term market trends and risk management strategies.

This series of actions not only reflects the growing influence of cryptocurrency and blockchain-related companies in traditional financial markets but also highlights the strategic adjustments made by institutional investors in the face of emerging assets. As the stock performance of companies like Circle continues to attract attention, investors and analysts will closely monitor future development trends in this field.