Cathie Wood’s ARK Invest Scoops Up eToro Shares Following Market Debut Surge

Cathie Wood’s ARK Invest made a bold move on eToro’s first day of public trading, snapping up 140,000 shares of the trading platform after its Nasdaq debut on Wednesday.

The purchase, valued just under $9.4 million at eToro’s $67 closing price, came as shares jumped nearly 29% from their $52 opening. That price was already well above the initially marketed range, signaling strong institutional and retail demand for the stock-and-crypto brokerage.

ARK didn’t stop there. The firm also acquired 275,000 shares of 3iQ’s Solana staking ETF (SOLQ), worth roughly $5.3 million. The new additions bring ARK’s total holdings in SOLQ to nearly $15 million across 799,063 shares.

Both the eToro and Solana ETF shares were added to ARK’s Fintech Innovation ETF (ARKF), one of its core funds for crypto-related exposure. ARKF already includes prominent names like Coinbase (COIN) and Robinhood (HOOD), and the latest buys underscore ARK’s continued bet on the convergence of finance and blockchain technology.

ARK’s broader crypto strategy is supported by two other flagship funds: the ARK Next Generation Internet ETF (ARKW) and the ARK Innovation ETF (ARKK).