Cathie Wood’s Ark Invest Doubles Down on eToro as Stock Pops 24% in Nasdaq Debut

Retail trading platform eToro rockets onto public markets—just as meme stock mania makes an unwelcome comeback.

Ark scoops up $14.7M worth of shares, betting the zero-commission model can outlast the inevitable SEC crackdown.

Meanwhile, Wall Street analysts whisper the quiet part loud: ’This isn’t investing, it’s gambling with a UX upgrade.’

Ark is known for making bold bets on tech-driven companies during their early public days. The firm famously snapped up 750,000 shares of Coinbase when it went public in 2021. However, Ark keeps a strict rule in place: no single stock can dominate more than 10% of a fund’s portfolio, allowing for regular rebalancing as stock values shift.

As of the latest data, eToro ranks 33rd within Ark’s ARKW fund, making up 0.93% of the portfolio — far behind heavyweights like Shopify, Coinbase, and Robinhood, which hold top positions with valuations between $74 million and $100 million.