Ark Invest did not wait to add ETORO (ETOR) to its wallet.
Cathie Wood’s St Petersburg, California, the California-based investment management company bought 140,000 shares in Etoro on the beginnings of the sharing and crypto negotiation platform on Wednesday.
ARK’s ETOR Allocation is just under $ 9.4 million, depending on the closing price of $ 67. The shares increased by 29% on the first day of negotiation after having opened at $ 52, which was itself much higher than the range marketed, because Etoro received a much higher request than expected.
ARK added the ETORO actions to its FINDEch Innovation ETF (ARKF), one of the three funds that the company uses for an important part of the crypto exhibition and to crypto-adjacent companies, such as Coinbase (Coin) and Robinhood (Hood).
The other two ETFs are new generation internet (ARKW) and innovation (ARKK).
Read more: Etoro Stock increases by 29% on the first day of negotiation
