Ark Invest Commits $373M to Circle on IPO Debut

Ark Invest Commits $373M to Circle on IPO Debut

Ark Invest, the asset management firm led by Cathie Wood, has made a decisive bet on the future of blockchain-based finance, acquiring $373.4 million worth of shares in stablecoin issuer Circle on the day of its public market debut. The investment spans three of Ark’s flagship funds: Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Fintech Innovation ETF (ARKF). In total, Ark purchased 4,486,560 shares of Circle, which beg...

Ark Invest Commits $373M to Circle on IPO Debut Coinatory

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