Ark Invest did not wait to add Etoro (ETOR) to his portfolio.
The Investment Management Company of ST Petersburg, California by Cathie Wood, bought 140,000 shares in Etoro at the Nasdaq debut of the Actions and Crystal Trade Platform on Wednesday.
The ETor of Ark is worth a little less than $ 9.4 million, according to the closing price of $ 67. The shares increased by 29% on the first day of negotiation after the opening to $ 52, which in itself was significantly higher than the range marketed since Etoro received a much greater demand than expected.
Ark added EToro’s actions to his ETF of Innovation Fintech (ARKF), one of the three funds that the company uses for a significant portion of exposure to cryptographic and cryptoaceous companies, such as Coinbase (Coin) and Robinhood (Hood).
The other two ETF are next -generation Internet (ARKW) and innovation (ARKK).
Read more: Etoro’s actions obtain 29% on the first day of negotiation
