Cathie Wood’s ARK Buys $17.8M In Circle Stock As Price Crashes 15%

02 Jul, 2026 Updated 02 Jul, 2026

News Writer & Journalist

Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.

Read full bio

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Highlights

Cathie Wood-led ARK Invest has continued buying Circle shares.
It recently purchased $17.8 million worth of CRCL shares amid a price dip.
The Circle stock price has plummeted massively after removal from Russell Growth Index and rival OUSD entering the market.

AD $1M+ Prize pool. Join zoomex champions carnival

On Wednesday, Cathie Wood’s ARK Invest poured in on Circle Internet Group (NYSE: CRCL) in the wake of a heavy pullback in the stablecoin issuer’s stock. The investment firm bought a total of 287,609 CRCL shares together in three of its exchange-traded funds.

Cathie Wood’s ARK Buys The Dip In Circle Stock

Cathie Wood’s latest CRCL stock addition is valued at about $17.82 million at the closing price of $61.95 on Wednesday. The biggest buy came from ARK’s ARK Innovation ETF (ARKK) which bought 210,343 shares, according to ARK’s daily trading disclosure.

Moreover, the ARK Fintech Innovation ETF (ARKF) bought 23,420 shares. Meanwhile, the ARK Next Generation Internet ETF (ARKW) added another 53,846 shares.

Circle stock price chart. Source: TradingView

The stock price of Circle has fallen precipitously amid a selling spree with 15% losses in just two days. The stock ended at $61.95, down 1.09% on Wednesday. The weakness continued Tuesday’s losses, which saw the stock fall 14.15% to close at $62.63.

In the last month, the CRCL share price has tumbled over 38%. The selling pressure followed Circle’s removal from some big Russell growth indexes on the annual Russell reconstitution June 26. The company was removed from the Russell 1000 Growth Index, Russell 3000 Growth Index and Russell Midcap Growth Index, which resulted in a change to index-tracking funds and other passive investors’ portfolios.

Further, Circle’s USDC is under heat as rival Open USD (OUSD) launched this week. It boasts backing from Wall Street behemoths like BlackRock, Coinbase, Ripple, Mastercard, Visa, and others.

Still, Circle is also trying to defend USDC’s use case with a recent partnership with Standard Chartered. It will allow USDC mining and redemption for institutional clients. With this, the CRCL stock rebounded 4.25% to $64.58 in the premarket trading session on Thursday.

Other Portfolio Adjustments By ARK Invest

In conjunction with the Circle purchase, Cathie Wood’s ARK Invest also made a few other portfolio adjustments. ARKK also raised its holdings in Recursion Pharmaceuticals, SoFi Technologies, Snowflake, Bullish and Rocket Lab, and cut down on its stakes in Twist Bioscience, Absci, Veracyte, Alibaba and Roku.

In addition to buying Bullish and selling Alibaba, ARKF also added Alibaba to its holdings and sold shares in Bullish and Alibaba, Roku, and Strata Critical Medical to ARKW.

Recently, Cathie Wood has bet big on crypto stocks like Coinbase, Robinhood, Bullish and Circle stocks with regular purchases. In addition, it has added a significant stake in the SpaceX stock with a $32.5 million buy lately.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.