According to Simply Wall St, Circle (NYSE: CRCL) was removed from several major Russell Growth Indexes during the Russell annual reconstitution on June 26, including the Russell 1000 Growth Index, Russell 3000 Growth Index, and Russell Midcap Growth Index. The move could prompt institutions and passive funds tracking these benchmarks to reduce their holdings, potentially impacting the stock's trading liquidity.

Simply Wall St noted that CRCL shares have fallen 32.8% over the past 30 days, likely reflecting selling pressure from the index rebalancing. Separately, CRCL fell to $62 today, down 16.55% over the past 24 hours, following news that competitor Open Standard launched the alliance stablecoin Open USD.