Ark Invest Buys eToro Stake; Diversifies Portfolio Amidst Bitcoin ETF Sales

Cathie Wood’s Ark Invest took a significant step in the crypto and fintech space this week, purchasing $9.4 million worth of shares in eToro through its Fintech Innovation ETF (ARKF). This move comes as the company’s IPO closed strong, with shares climbing 29% to reach $67 after pricing at $52 amidst robust demand. The timing of Ark Invest’s investment coincides with the company overcoming initial regulatory hurdles and successfully entering the public markets. !