{"id":26888,"date":"2025-05-15T09:01:53","date_gmt":"2025-05-15T09:01:53","guid":{"rendered":"https:\/\/dogewisperer.com\/ark-invest-bought-9-4m-worth-of-etoro-shares-on-trading-platforms-debut\/"},"modified":"2025-05-15T09:01:53","modified_gmt":"2025-05-15T09:01:53","slug":"ark-invest-bought-9-4m-worth-of-etoro-shares-on-trading-platforms-debut","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26888","title":{"rendered":"ARK Invest Bought $9.4M Worth of eToro Shares on Trading Platform&#8217;s Debut"},"content":{"rendered":"<div>\n<p>ARK Invest didn&#8217;t wait around to add eToro (ETOR) to its portfolio.<\/p>\n<p>Cathie Wood&#8217;s St Petersburg, California-based investment management company bought 140,000 shares in eToro on the stock-and-crypto trading platform&#8217;s <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/13\/etoro-goes-public-at-52-a-share-far-exceeding-marketed-range\">Nasdaq debut<\/a> on Wednesday.<\/p>\n<p>ARK&#8217;s ETOR allocation is worth just under $9.4 million, based on the <a href=\"https:\/\/finance.yahoo.com\/quote\/ETOR\/\">closing price of $67<\/a>. 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.<\/p>\n<p>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).<\/p>\n<p>The other two ETFs are Next Generation Internet (ARKW) and Innovation (ARKK). <\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/14\/etoro-stock-surges-30-on-first-day-of-trading\">EToro Stock Surges 29% on First Day of Trading<\/a><\/em><\/strong><\/p>\n<p><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ARK Invest didn&#8217;t wait around to add eToro (ETOR) to its portfolio. Cathie Wood&#8217;s St Petersburg, California-based investment management company bought 140,000 shares in eToro on the stock-and-crypto trading platform&#8217;s Nasdaq debut on Wednesday. ARK&#8217;s ETOR allocation is worth just under $9.4 million, based on the closing price of $67. The shares rose 29% on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26888","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26888"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26888\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}