Ark rebalances into Circle and Block, trims Robinhood in $14 million reshuffle

On Tuesday (July 14), Ark Invest, managed by Cathie Wood, invested around $13.9 million in Circle Internet Group and also acquired approximately $1.52 million in Jack Dorsey’s Block Inc., while decreasing its stake in Robinhood by about $3.15 million. For investors in Ark’s exchange-traded funds (ETFs), this decision is not seen as a call on...