Circle Internet Stock Falls 8% as ARK Invest Trims Stake Ahead of Senate Vote

Circle Internet Group's stock fell 8% to $89.56 on Tuesday as ARK Invest trimmed its stake in the company ahead of a Senate vote on the Digital Asset Market Clarity Act.

The sell-off stands out among crypto-linked equities because ARK Invest concentrated the sale in Circle Internet, cutting nearly every other crypto position it holds, including Coinbase and Bitmine.

Circle Internet stock is still up 25% over the past month, but today's decline gives back part of that run. The company's near-term direction hinges on the vote's outcome and whether ARK Invest disclosures later this week extend the trim.