Ark Invest Invests in eToro’s Debut, Adjusts Crypto ETFs

• • Ark buys eToro shares after IPO on Nasdaq
  • Partial Sale of Ark Spot Bitcoin ETF
  • Solana ETF Acquisition Boosts Crypto Exposure

On Wednesday (14), Ark Invest, led by Cathie Wood, bought 140 eToro shares, valued at US$9,4 million, for its Fintech Innovation fund (ARKF), marking its presence on the brokerage's debut on Nasdaq. eToro's shares rose 29% on their first day of trading, closing at US$67 under the code ETOR, driven by higher-than-expected demand in the initial public offering (IPO), which had priced the shares at US$52.

eToro’s debut had previously been delayed due to market instability during the Trump administration, but the return now puts the platform alongside other crypto companies like Circle and Animoca Brands, which are also planning IPOs later this year. eToro now sits as the 33rd largest position within the ARKW fund, with an initial allocation of 0,93%.

In addition to its bet on eToro, Ark has undertaken a strategic rebalancing, reducing its exposure to its own spot Bitcoin ETF (ARKB) by selling $7,9 million across its ARKF and ARKW funds. Despite this, ARKB remains the fund’s largest holding. ARKW , with a weight of 9,5% — approximately US$ 165 million in value — and remains relevant in the ARKF with a 6,1% share, which represents approximately US$ 62 million.

Even with the partial sale, ARKB continues to attract funds. On Wednesday alone, the fund recorded net inflows of $5,2 million, bringing its total to nearly $2,7 billion since its launch in January 2024. The fund currently manages $4,9 billion in assets.

Another notable move was the purchase of US$7,6 million in Solana ETFs issued by 3IQ, listed in Toronto. The acquisition, split between the ARKF and ARKW funds, represents an increase in exposure to the altcoin, with weightings of 1% and 0,6%, respectively. It is worth remembering that there is still no Solana ETF approved in the US, although companies such as Grayscale and VanEck have already requested approval from the SEC.

Finally, Ark also sold 14.930 shares of Jack Dorsey's Block company for around $873 as part of a rebalancing strategy that seeks to maintain diversification and the 10% holding limit per asset in its funds.