ARK Invest Buys Into eToro and Solana Staking ETF Following Strong Market Debut
ARK Invest, led by Cathie Wood, wasted no time snapping up shares of eToro (ETOR) as the trading platform made its Nasdaq debut on Wednesday.
The firm acquired 140,000 shares of ETOR, valued at just under $9.4 million based on the stock’s closing price of $67—up nearly 29% from its $52 opening price. The initial offering was already priced well above expectations due to stronger-than-anticipated demand.
In a separate move, ARK also boosted its exposure to Solana via a significant purchase of 275,000 shares in 3iQ’s Solana staking ETF (SOLQ). The stake, worth roughly $5.3 million, brought ARK’s total SOLQ holdings to 799,063 shares, with an estimated value of nearly $15 million.
Both investments were added to ARK’s Fintech Innovation ETF (ARKF), which focuses on companies operating at the intersection of technology and finance. The fund already holds positions in crypto-focused firms such as Coinbase (COIN) and Robinhood (HOOD).
ARK also maintains exposure to digital assets through its other major ETFs: the ARK Next Generation Internet ETF (ARKW) and the flagship ARK Innovation ETF (ARKK).
