Circle Under Pressure from Open USD, but Cathie Wood's ARK ETFs See Long-Term Opportunity
Cathie Wood is leaning further into Circle Internet Group (NYSE:CRCL) at a time when Wall Street is becoming increasingly divided on the stablecoin issuer’s outlook. The aggressive accumulation comes as Circle faces mounting headwinds despite improving regulatory prospects, underscoring ARK’s conviction that the long-term stablecoin opportunity outweighs near-term competitive and valuation concerns.