Cathie Wood Bolsters ARK Exposure to USDC Issuer Circle

Cathie Wood's ARK Invest added Circle shares worth about $6.83 million across three of its actively managed exchange-traded funds on July 31.

The purchase comes after New York regulators approved Circle to operate as a limited-purpose trust company, expanding its regulated infrastructure.

Circle Internet Group's stock price fell 2.54% to $62.61 despite the approval, suggesting investors are still weighing valuation and execution risks.