Ark Invest Purchases $9.4M in eToro Shares, Sells $7.9M in Bitcoin ETF Holdings

Ark Invest adds $9.4M in eToro shares to its fintech ETF following the company’s Nasdaq debut. Despite selling $7.9M of ARKB, Ark maintains a strong position in its Bitcoin ETF holdings. Solana ETFs receive $7.6M investment from Ark, continuing its crypto diversification efforts. Ark Invest acquired 140,000 eToro shares worth $9.4 million for its fintech-focused ETF (ARKF) on Wednesday. eToro made its Nasdaq debut the same day under the ETOR ticker, jumping 29% to close at $67. In addition to its eToro buyout, Ark made some adjustments in its spot Bitcoin ETF (ARKB). The company sold $7.9 million of ARKB shares from both its ARKF and ARKW funds. Despite the sale, ARKB remains one of the top holdings in both funds. It still accounts for 9.5% (worth about $165 million) of ARKW and 6.1% (around $62 million) of ARKF. Ark’s Investment Strategy Ark Invest has been known to invest in new listings, including picking up 750,000 Coinbase shares when the company went public in April 2021. Ark’s policy limits any single investment to no more than 10% of a fund’s total value. If eToro shares rise sharply compared to the rest of the portfolio, Ark will rebalan… The post Ark Invest Purchases $9.4M in eToro Shares, Sells $7.9M in Bitcoin ETF Holdings appeared first on Coin Edition .

Source: Coin Edition