ARK Invest Acquires $9.4 Million in eToro Shares on Nasdaq Debut

ARK Invest has purchased 140,000 shares of eToro (ETOR) during its Nasdaq debut. The investment is valued at nearly $9.4 million based on a closing price of $67 per share.

eToro's shares increased by 29% on the first day of trading, opening at $52, above expectations due to high demand.
The shares were added to ARK's Fintech Innovation ETF (ARKF), which focuses on crypto-related companies.
ARK also manages two other ETFs: Next Generation Internet (ARKW) and Innovation (ARKK).