According to financial media reports, Arca's Chief Investment Officer Jeff Dorman stated that Arca has sold all of its Circle (CRCL) shares. Previously, it was reported that Arca criticized the low allocation of Circle's IPO, stating that it would switch to using USDT.
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Arca sells all Circle shares after criticizing the low IPO valuation and turning to USDT
According to financial media reports, Arca's Chief Investment Officer Jeff Dorman stated that Arca has sold all of its Circle (CRCL) shares. Previously, it was reported that Arca criticized the low allocation of Circle's IPO, stating that it would switch to using USDT.