Key Points:

• ARK Invest purchased 140,000 shares of eToro at a closing price of $67, amounting to nearly $9.4 million.
• eToro’s stock surged by approximately 29% on its first trading day on Nasdaq.

ARK Invest has moved quickly to integrate eToro (ETOR) into its investment strategy. Under the leadership of Cathie Wood, the investment firm acquired 140,000 shares from the trading platform following its debut on the stock market. This acquisition reflects the desire to take advantage of the increased demand for eToro, which listed at a starting price of $52, but quickly rose to $67 by the end of trading. The surge illustrates significant investor interest in the firm’s market potential.

ARK has included this new position in its Fintech Innovation ETF (ARKF), which offers diversified exposure to companies intertwined with cryptocurrency and related technologies, including players like Coinbase and Robinhood. This strategic move is set against a backdrop of strong market performance from eToro, attracting significant trading volumes and public attention.