What to know:
- ARK Invest gobbled up 140,000 eToro shares, practically $9.4 million spent quicker than a dust devil on a Kansas road. $67 per share, in case you’re price-checking at home.
- ETOR stock leapt nearly 29% on Day One, because apparently gravity just took the morning off.
ARK Invest—never the sort to spend time whittling or watching the paint dry—came bold and early for eToro on its debut day. The market dawned, Cathie Wood squinted at the horizon from her St Petersburg office (California, not Florida—not confusing at all), and ARK pressed ‘buy’ with gusto that would make a slot machine blush.
With the closing bell ringing and $67 pinned neatly to each eToro share, ARK’s 140,000-piece haul tallied up to almost $9.4 million. That’s a sum that would make Tom Joad mighty thoughtful. Don’t blink, though—those shares hopped up 29% like they’d seen a snake in the grass, opening at $52 and hustling past the marketing folks’ wildest guesses. Demand high? You bet—higher than a preacher on Sunday.
The whole pile was swept into ARK’s Fintech Innovation ETF (ARKF). This is the same basket they keep for the shinier, shin-digging side of crypto and its rowdy neighbors—Coinbase and Robinhood both known to drop by for supper.
ARK’s barn doesn’t stop there: you’ll find Next Generation Internet (ARKW) laced in the hay, and good old Innovation (ARKK) waiting with its boots on. Call it a family gathering of ETFs, all watching the trading floor like it’s the World Series.
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2025-05-15 12:32