Ark Invest bought 12,835 shares of Circle Internet Group, the issuer of the USDC stablecoin, for roughly $965,000 on November 3, 2026. On the same day, Cathie Wood’s firm sold 37,754 shares of crypto exchange Bullish, making the moves a portfolio reallocation rather than a new cash injection into crypto-related stocks. The transaction followed two larger purchases worth $5.2 million in late October and $2.6 million in early November. Circle, which trades on the New York Stock Exchange under the ticker CRCL, typically accounts for 4% to 6% of Ark Invest’s ETFs, and the firm regularly rebalances its holdings so that no single position exceeds 10% of a fund’s assets. Selling Bullish while buying Circle reduces exposure to exchanges, whose fortunes depend on trading activity, and increases exposure to stablecoin issuers, whose growth is more closely tied to USDC circulation.
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