Ark Invest buys 12,835 Circle shares for roughly $965K, trims Bullish
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Ark Invest purchased 12,835 Circle shares worth roughly $965,000 while trimming its position in Bullish, signaling a preference for stablecoin-focused business models over exchange-linked exposure. The move comes as Circle, issuer of the USDC stablecoin, draws increased attention from traditional asset managers seeking regulated crypto infrastructure plays. Ark's rotation out of Bullish, which operates a crypto exchange, suggests the firm is favoring fee-based reserve income over trading-volume-dependent revenue. The size of the purchase is modest relative to Ark's broader portfolio, but the direction of the trade matters as a signal of institutional sentiment toward stablecoin issuers. Watch for further Ark disclosures on Circle and Bullish in upcoming daily trade filings, and for whether other asset managers follow with similar stablecoin allocations.
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Ark Invest, Circle (CRCL), Bullish
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