- Ark Invest bought 65,615 Circle shares worth $5.2 million for its ARKW fund on Monday.
- Ark sold $15.9 million of ARK 21Shares Bitcoin ETF (ARKB) from two of its funds as it rebalances fund weightings.
- Circle shares fell 7.1% on Monday to close at $79.84.
- Bitcoin traded near $79,625 on Tuesday, down 8.7% from its October high of around $87,200.
- Put options accounted for 91% of roughly $32 million traded at the $80,000 bitcoin options strike over the past week.
Quotes
“though he argued that the market decline was being driven more by macroeconomic factors than a fundamental change in the outlook for digital assets”
“Circle shares fell 7.1% on Monday, closing at $79.84”