Investment Giant Ark Invest Made an Important Move in the Crypto and Fintech Field! After Coinbase, It Started to Buy Shares of This Company!

By: cryptosheadlines|2025/05/16 01:00:11
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Cathie Wood’s Ark Invest made a significant move in the crypto and fintech space this week, purchasing $9.4 million worth of shares in eToro.Ark Invest Buys $9.4 Million in eToro Stake, Shrinks Bitcoin ETF and Blockchain AssetsArk has purchased 140,000 eToro shares for its Fintech Innovation ETF (ARKF). The investment comes as eToro closed its first day of trading up 29% at $67 per share after pricing its IPO at $52 amid stronger-than-expected demand.The company’s path to the public markets was delayed by volatility from the Trump administration’s tariff policies earlier this year.This isn’t the first time Ark has acquired newly listed crypto firms. It bought 750,000 shares of Coinbase in its debut in April 2021.According to Ark’s diversification rules, no asset can make up more than 10% of any fund, meaning eToro’s 0.93% weighting in ARKF ranks 33rd in the portfolio. Top positions include Shopify (9.9%), Coinbase (9.7%) and Robinhood (7.4%).ARK Sells $7.9 Million in Own Bitcoin ETF, Buys Solana Staking FundIn parallel, Ark Invest sold its own spot Bitcoin ETF (ARKB) worth $7.9 million from both its ARKF and Next Generation Internet (ARKW) funds.Despite the sale, ARKB remains the top stock in both portfolios, at No. 1 in ARKW (9.5% weight, $165 million value) and No. 4 in ARKF (6.1% weight, $62 million value).ARKB saw net inflows of $5.2 million on the same day, bringing cumulative inflows to approximately $2.7 billion since its launch in January 2024. The fund currently manages $4.9 billion in assets.Ark also increased its exposure to Solana by purchasing $7.6 million worth of 3IQ’s Toronto-listed Solana staking ETF, which currently has over $10 million in both ARKF and ARKW.This comes amid growing interest in Solana ETFs, which are still awaiting US approval. Bitwise, 21Shares, Grayscale and VanEck are among the firms awaiting SEC decisions.*This is not investment advice.Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!Source link

You may also like

Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?

When a physical industry company injects physical assets into a Layer 1 project, it can easily create a valuation of 950 million dollars by calculating several times the value of the physical assets. Is this kind of capital game too outrageous? Does the crypto market really need such RWAs?

a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge

Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.

Why did the star Web3 project Across Protocol choose to abandon DAO?

The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.

In fact, ETH scaling is a major benefit for L2

ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.

Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days

Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?

The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.

Popular coins

Latest Crypto News

Read more