Bagikan artikel ini
ARK Invest Bought $9.4M Worth of eToro Shares on Trading Platform's Debut
ETOR closed at $67, nearly 29% higher than its opening price of $52.
What to know:
- ARK Invest bought 140,000 shares of eToro worth nearly $9.4 million at the company's closing price of $67.
- ETOR gained nearly 29% on its first day of trading on the Nasdaq.
ARK Invest didn't wait around to add eToro (ETOR) to its portfolio.
Cathie Wood's St Petersburg, California-based investment management company bought 140,000 shares in eToro on the stock-and-crypto trading platform's Nasdaq debut on Wednesday.
STORY CONTINUES BELOW
Jangan lewatkan cerita lainnya.Berlangganan Newsletter Crypto Daybook Americas hari ini. Lihat semua newsletter
The firm's ETOR allocation is worth just under $9.4 million, based on the closing price of $67. The shares rose 29% on the first day of trading after opening at $52, which itself was significantly higher than the marketed range as eToro received much higher demand than anticipated.
ARK also bought 275,000 shares of 3Iq's Solana staking ETF (SOLQ), worth just over $5.3 million based on Wednesday's closing price. The purchase took ARK's SOLQ allocation to 799,063 shares, worth nearly $15 million.
ARK added the eToro and Solana staking shares to its Fintech Innovation ETF (ARKF), one of three funds the firm uses for a significant portion of exposure to crypto and crypto-adjacent companies, such as Coinbase (COIN) and Robinhood (HOOD).
Iklan
The other two ETFs are Next Generation Internet (ARKW) and Innovation (ARKK).
Read more: EToro Stock Surges 29% on First Day of Trading
UPDATE (May 15, 13:50 UTC): Adds ARK's purchase of SOLQ shares in fourth paragraph.
Sizin için daha fazlası
BitSeek: Decentralized AI Infrastructure Revolutionizing the Web3 Industry
Tarafından sipariş edildiBitSeek
Mehr für Sie
Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
Was Sie wissen sollten:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
Top Stories
