Home Cathie Wood Buys $6.8M Worth Of Circle Shares After NYDFS Trust Charter Approval

Cathie Wood Buys $6.8M Worth Of Circle Shares After NYDFS Trust Charter Approval

Share
Cathie Wood Buys $6.8M Worth Of Circle Shares After NYDFS Trust Charter Approval
News
Share

 

Cathie Wood’s ARK Invest added a combined 109,129 shares of Circle Internet Group across three of its actively managed exchange-traded funds on Friday, July 31, 2026, one day after the stablecoin issuer secured a limited purpose trust charter from the New York Department of Financial Services.

Through the 3iQ Solana Staking ETF, the company increased its exposure to Solana and strengthened its portfolio’s inclination toward regulated digital asset infrastructure.

The ARK Innovation ETF led the purchasing with 77,103 CRCL shares, or around 0.0833% of the fund, according to the company’s daily trading notification. The ARK Fintech Innovation ETF acquired 9,788 shares, or 0.0839% of its portfolio, while the ARK Next Generation Internet ETF acquired 22,238 shares, or 0.0842% of the fund.  The total ticket printed close to $6.83 million when compared to Circle’s Friday closing of $62.61.

Despite its little stature, the Solana leg was purposefully pointed. With the addition of 6,772 SOLQ.U units by ARKW and 5,012 by ARKF, the fund family’s total exposure to Solana increased to 11,784 shares, or around $71,528. It was the third SOLQ tranche.After a $30,000 purchase on July 27 that The Crypto Times reported along with a $14.3 million SpaceX transaction, U made another purchase in less than a week.

One of the cleanest catalysts CRCL has produced since its June 2025 IPO was followed by the purchase. Circle Internet Trust Company LLC, operating under the name Circle New York Trust, was given a limited purpose trust charter by NYDFS on July 31. The USDC issuer now has both state-level virtual currency banking authority and federal fiduciary custody capabilities thanks to the state authorization, which builds upon Circle’s July 10 OCC national trust bank certification.

The dual charter structure places Circle inside the GENIUS Act framework’s operating perimeter and produces a compliance stack that competitor Tether is presently unable to match. The trust charter extends an 11-year regulatory relationship, and Circle was the first business to get a BitLicense from NYDFS back in 2015.

The New York charter, according to CEO Jeremy Allaire, is a “longstanding objective” for the company and puts USDC “within a strong, respected framework as digital dollars become central to the global financial system.”

The market shrugged in spite of the two regulatory victories. With a market capitalization of about $16.5 billion, CRCL ended the Friday session down 2.54% at $62.61 and continued to decline into the new week, printing $61.59 on August 2. Wood made that vulnerability riskier.

 

 

 

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

Share
Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

Leave a comment

Leave a Reply

Latest News

BitGo Adds USDC Minting & Redemption To Its Institutional Stablecoin Platform
News

BitGo Adds USDC Minting & Redemption To Its Institutional Stablecoin Platform

BitGo has added USDC minting and redemption services to its Go Accounts. Eligible institutional customers can manage USDC transactions without opening a...

Louisiana Sues Kalshi, Robinhood & Other Prediction Markets In Growing Regulatory Fight
News

Louisiana Sues Kalshi, Robinhood & Other Prediction Markets In Growing Regulatory Fight

Louisiana has filed a lawsuit against Kalshi, Robinhood, Polymarket and several other prediction market platforms. The state has raised concerns about illegal...

Visa Adds Western Union’s USDPT Stablecoin To Its Settlement Network Through Anchorage Partnership
News

Visa Adds Western Union’s USDPT Stablecoin To Its Settlement Network Through Anchorage Partnership

Visa has partnered with Anchorage Digital to support Western Union’s USDPT stablecoin on its settlement network. Eligible partners can use USDPT to...

Uber’s UK Banking Partner Griffin Raises $20M To Expand Stablecoin Services
News

Uber’s UK Banking Partner Griffin Raises $20M To Expand Stablecoin Services

UK-based digital bank Griffin has raised $20 million in a funding round led by Octagon Partners. The investment values the company at...

Related Articles

Best Crypto Trading Bots In 2026

Running a crypto trading strategy manually can be challenging when markets are...

Reasons Why The U.S. Tops AI Agent Commerce

The concept of agentic commerce where agents can purchase digital services and...

Do You Need A Cryptocurrency Trading Bot?

The crypto market never closes. Bitcoin can move while you are sleeping,...

How To Use Dexscreener To Find Crypto Gems

If you have ever looked at a new crypto token and wondered...