ARK Invest gets in at Etoro, while the shares are added to the Nasdaq in their debut

Etoro's IPO on Nasdaq was enthusiastic on Wednesday, since the shares rose by almost 30% until the end of the stock exchange – and ARK Invest did not waste time to participate.

Cathie Woods Ark Invest bought 140,000 stocks of the trading platform and invested $ 9.4 million through his fintech Innovation ETF (ARKF). The share listed under the ticker symbol Etor ended its first trading day at $ 67 and thus well above the issue price of $ 52, which indicates a strong interest of investors despite the latest market turbulence.

Etoro had initially postponed his stock exchange debut, originally planned for March, due to the economic uncertainty in connection with the Trump government's trade policy changes.

The IPO now reflects the regained trust of the crypto-related companies that want to go to the stock exchange, including Circle and Animoca Brands.

ARK is known for making brave bets in the initial phase of listed technology companies. As is well known, the company acquired 750,000 stocks from Coinbase when the company went to the stock exchange in 2021. However, ARK adheres to a strict rule: no single share can make up more than 10% of the fund sports folio, which enables regular re -weighting for value fluctuations.

According to the latest data, Etoro ranks 33 of the Ark Fund of Ark and accounts for 0.93% of the portfolio-far behind heavyweights such as Shopify, Coinbase and Robinhood, which take top positions with ratings between $ 74 and $ 100 million.