Cathie Wood Back After Winning $ 500 million from the ship?

Put on a ship Mowing a bold bet on the latest Crypto company to hit folk markets. Shares Mr. Internet Group (CRCL)Behind the company of USDC Stablecoin, along with the reset of several seconds, resetting active managed stock exchangea-trading funds last Thursday after the announcement came out of the door.

The circle is a bang purchased with a bang with a bang with a bang with a bang, which is up to $ 139 by Monday, a bang purchased with a bang. Before the presentation, Ark said that about 4.8 million shares will receive a $ 150 million worth of shares in the IPO price.

On Thursday, Ark confirmed that 4.5 million set up shares between three of the funds:

If the ship could buy these shares near IPO price, and it would be more than $ 500 million on Monday.

The increase in the stock price of the circle and contributed to a large rally on the ship. Arkk jumped 8.5% on Friday, Arkw 6.8%, Arkf won 6.3%.

The circle is now a top grip in each fund:

• 5.4% of Arkk (the sixth largest holding)

• 5.5% Arkw (the largest in the seventh)

• 5.3% ARKF (Fifth largest)

Successful IPO and foreign gains highlights one of the benefits of active ETFs: the ability to participate in a meaningful way in hot new sacrifices, something unavailable for individual investors.

He said that the debut of the circle is typical. Most IPOS does not exceed four times a few days.

The exhausting around the circle reflects the excitement of an investor on the role of the company in the world of Stablecoins. USDCThe flagship product of the company is a market value of a second largest stablecoin, a second largest stablecoin worldwide.

Stablecoins are based on traditional currencies like US dollars and euros and are back for a true major currency. Although internal payment systems have become faster and cheaper in recent years, stablecoins offer preference for international transfers, allow money to move more quickly and inexpensive than traditional bank transfers or card networks.

The circle, the increase in resources behind the USDC and these resources earn income by investing in interest-bearing assets. Currently, it is relatively high with interest rates, so it helps to increase its application as a constituency company.

The great victory of the circle caused the fact that Cathie Wood’s ETFs were returning.