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ARK Bought $9.4M Worth of eToro (ETOR) Stock on Trading Platform's Nasdaq Debut

Summary by Coin Desk
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.The firm'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 th…

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Cathie Wood’s investment firm soon bought shares in eToro. It added 140,000 ETOR shares on the day of the debut, amid a 29% rise. It sold from its own ETF Bitcoin and acquired ETF Canadiana. *** Cathie Wood’s firm soon bought shares in eToro. It added 140,000 ETOR shares in the midst of a 29% rise in its debut. Ark discarded its own ETF Bitcoin and added ETF Canadiana. Cathie Wood’s investment management company bought shares in eToro on the day…

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FX News Group broke the news in on Thursday, May 15, 2025.
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