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Ark bought a $ 9.4M ethoro stock worth (eth) in the NASDAQ debut of the Trading Platform



Ark Invest did not wait around to add ethoro (eth) to its portfolio.

St. Petersburg of Cathie Wood, California-based investment management company bought 140,000 shares with ETORO on stock-and-crypto trading platform NASDAQ DEBUT On Wednesday.

ARK ETOR allocation costs only under $ 9.4 million, based on Closing the price of $ 67. Shares rose 29% on the first day of trading after the opening to $ 52, which itself was higher than that -marketed range as the eorer received higher demand than expected.

Ark added ETORO sharing in the Fintech Innovation ETF (ARKF), one of the three funds used by the firm for a significant component of exposure to crypto and crypto-adjacent companies, such as Coinbase (Coin) and Robinhood (Hood).

The other two ETFs are the next generation on the Internet (Arkw) and change (Arkk).

Read more: Ethoro stock emerging by 29% on the first day of trading



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