Cathie Wood’s Ark Invest buys $14 million worth of Circle, offloads Robinhood shares

60-second summary

Cathie Wood's Ark Invest is purchasing $14 million worth of Circle Internet Group's stock, despite the company's shares dropping 1.65% during Thursday's trading session, extending its one-month decline to 20.2%. This move suggests Wood's confidence in Circle's potential, potentially contradicting the current market sentiment, which could have implications for the cryptocurrency market's overall performance and investor confidence.