Cathie Wood’s Ark Invest Buys More Circle Despite Growing Scrutiny

• Ark Invest bought $13.7M in Circle shares despite a stock slump and rising stablecoin competition.
• Circle secured OCC approval for a national trust bank, strengthening its USDC custody framework.
• Legal scrutiny grows as Circle disputes claims it failed to help recover funds linked to crypto scams.

Cathie Wood’s Ark Invest bought nearly $14 million worth of Circle Internet Group shares on Thursday, adding to its stake in the stablecoin issuer despite mounting pressure on the company. At the same time, the investment firm sold almost $10 million worth of Robinhood shares as part of its routine portfolio rebalancing.

The purchase comes as Circle faces a difficult stretch. The USDC issuer’s stock has been under pressure, competition in the stablecoin market is increasing, and the company is dealing with fresh allegations over its cooperation with law enforcement. Even …

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