PANews reported on June 6 that Cathie Wood's ARK Invest bought nearly 4.5 million shares of Circle (CRCL) on the first day of Circle's listing on the New York Stock Exchange, which was worth about $373 million based on the closing price. Circle's stock performed strongly on the first day of trading, with the share price rising to $103.75, up about 50% from the opening price of $69, and finally closed at $83.23, while the IPO price was $31.

In addition, ARK Invest also reduced its holdings of some other crypto-related company stocks, including $39 million worth of Coinbase (COIN), $18.5 million worth of Robinhood (HOOD), and $10.4 million worth of Block (XYZ). ARK actively included Circle in its crypto industry portfolio, alongside Coinbase, Robinhood and other companies.