ARK Invest Buys Big Into eToro After Hot Nasdaq Debut
ARK Invest, led by Cathie Wood, wasted no time scooping up shares of eToro (ETOR) following the trading platform’s impressive market debut. The firm purchased 140,000 shares on launch day, totaling roughly $9.4 million based on the stock’s $67 closing price.
ETOR opened at $52 on Wednesday—well above its originally marketed range—and rallied 29% by the closing bell, driven by stronger-than-expected investor interest.
In a parallel move, ARK Invest also acquired 275,000 shares of the 3iQ Solana Staking ETF (SOLQ), adding over $5.3 million in exposure. This pushes ARK’s total SOLQ holdings to nearly $15 million across 799,063 shares.
Both investments were funneled into ARK’s Fintech Innovation ETF (ARKF), a fund that also includes names like Coinbase (COIN) and Robinhood (HOOD) to reflect the firm’s bullish outlook on crypto-finance integration. ARKF is one of three ARK ETFs heavily positioned in digital assets, alongside ARKW and ARKK.
