Ark Invest didn’t wait to add Etoro (Etor) to his portfolio.
Cathie Wood’s Skt. Petersburg, California-based investment management company, bought 140,000 shares in Etoro on stock-and-crrypto-trading platform’s NASDAQ debut on Wednesday.
ARK’s ETOR allocation is worth a little below $ 9.4 million, based on the $ 67 closing price.
ARK added the Etoro shares to its fintech Innovation ETF (ARKF), one of three funds used by the company for a significant part 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).
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