Ark Invest adds $14 million in Circle shares while selling Robinhood

Ark Invest purchased $14 million worth of Circle shares and $1.5 million worth of Block Inc., while selling $3.2 million worth of Robinhood. The moves reflect the investment firm's shifting strategy in the crypto and fintech space, increasing exposure to Circle, a major stablecoin issuer, and Block, while reducing its Robinhood position.