Ark Invest sold $44.76 million worth of Circle stock again on Tuesday, continuing a two-day sell-off of nearly $97 million

ChainCatcher news, according to The Block, Ark Invest, led by Cathie Wood, sold an additional $44.76 million worth of Circle stock on Tuesday after selling $51.7 million on Monday.

This sell-off involved three funds: ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF. Circle's stock price closed down 1.26% on Tuesday at $149.15, still well above the IPO price of $31. The market is paying attention to Circle's stock price reaction to the progress of the U.S. stablecoin legislation, the GENIUS Act.