• ARK Invest bought 33,241 shares in eToro worth around $698,000 through its ARKF fund.

• eToro’s net contribution fell 13%, with crypto trading down 62% year-over-year.

• Funded accounts were up 18%, but the platform kept adding to its user base nonetheless.

Cathie Wood’s ARK Invest bought shares in eToro (ETOR) on Tuesday, after the company posted third-quarter results that fell short of estimates and led Goldman Sachs to cut its price target.

ARK’s Fintech Innovation ETF (ARKF) bought 33,241 shares of eToro, according to Ark Invest’s daily trade disclosure. The purchase was worth about $698,000 at Tuesday’s close of $21.

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