Cathie Wood’s ARK Invests $9.4 Million in eToro’s Red-Hot IPO

Cathie Wood’s ARK Investment Management made a bold MOVE into the public debut of trading platform eToro, acquiring 140,000 shares worth $9.38 million. The purchase, executed through ARK’s Fintech Innovation ETF, underscores growing institutional confidence in digital asset infrastructure.

eToro’s IPO priced at $52 per share, exceeding its projected $46-$50 range, before surging 29% on its first trading day to close at $67. The strong debut values the company at $5.5 billion—a testament to robust investor appetite for fintech platforms bridging traditional and crypto markets.

The platform’s 2024 financials reveal explosive growth: 3.5 million funded accounts and a 1,161% year-over-year net income increase to $192 million. This performance suggests retail trading demand remains resilient despite macroeconomic headwinds.