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By Jamie Crawley|Edited by Sheldon Reback
May 15, 2025, 8:32 a.m.
- ARK Invest bought 140,000 shares of eToro worth nearly $9.4 million at the company’s closing price of $67.
- ETOR gained nearly 29% on its first day of trading on the Nasdaq.
ARK Invest didn’t wait around to add eToro (ETOR) to its portfolio.
Cathie Wood’s St Petersburg, California-based investment management company bought 140,000 shares in eToro on the stock-and-crypto trading platform’s Nasdaq debut on Wednesday.
STORY CONTINUES BELOW
ARK’s ETOR allocation is worth just under $9.4 million, based on the closing price of $67. The shares rose 29% on the first day of trading after opening at $52, which itself was significantly higher than the marketed range as eToro received much higher demand than anticipated.
ARK added the eToro shares to its Fintech Innovation ETF (ARKF), one of three funds the firm uses for a significant portion of exposure to crypto and crypto-adjacent companies, such as Coinbase (COIN) and Robinhood (HOOD).
The other two ETFs are Next Generation Internet (ARKW) and Innovation (ARKK).
Jamie has been part of CoinDesk’s news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
