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Ark Invest Acquires eToro Shares Amid Strong Nasdaq Debut

Ark Invest Acquires eToro Shares Amid Strong Nasdaq Debut

Global Cryptocurrency
Release Time:
2025-05-16 05:41:02
0

eToro’s Nasdaq debut ignited investor enthusiasm as shares surged nearly 30% on Wednesday, closing at $67—well above its $52 IPO price. Ark Invest, led by Cathie Wood, seized the opportunity by purchasing 140,000 shares worth $9.4 million through its Fintech Innovation ETF (ARKF).

The trading platform’s delayed IPO, initially shelved in March due to TRUMP-era trade policy uncertainties, signals renewed confidence in crypto-adjacent public listings. eToro joins a growing cohort including Circle and Animoca Brands in capitalizing on resurgent market appetite.

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