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Stock impact report

Cathie Wood sells fresh wave of crypto stocks worth $2.57 million [Yahoo! Finance]

Circle Internet Group, Inc. Class A (CRCL) 
Company Research Source: Yahoo! Finance
After buying Robinhood Markets (Nasdaq: HOOD) stock worth $12.7 million on Apr. 7, she didn't demonstrate any interest in crypto stocks for a while. In fact, she didn't trade any equities at all on two days this week, Apr. 14 and 15. But on the last trading day of the week, she sold shares of two crypto companies. Related: Cathie Wood has brutal response to 50% Bitcoin crash Wood sells Circle and Bullish shares On Apr. 17, Wood's ARK Invest sold shares of Circle Internet Group (NYSE: CRCL) and Bullish (NYSE: BLSH): Circle: 11,465 shares worth $1.21 million Bullish: 31,417 shares worth $1.36 million Circle Internet Group is a crypto company popular for its USDC stablecoin. After Tether's USDT, Circle's USDC is the largest stablecoin with a market cap of $78.63 billion and accounts for nearly 25% share of the total stablecoin market. The company has been facing criticism for taking no action to freeze USDC assets during the Drift Protocol exploit earlier this month and Show less Read more
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