Ark Invest Buys $14M in Circle Shares, Dumps $3.2M of Robinhood

Ark Invest bought $14 million worth of Circle shares and $1.5 million worth of Block Inc. while selling $3.2 million worth of Robinhood stock. The move signals a shift in the fund's priorities toward companies directly tied to crypto infrastructure. Circle is the issuer of the USDC stablecoin and recently went public.