eToro Reports $18.8B in Assets Under Administration for November, Funded Accounts Up 10%
- Asset Management Growth: eToro's assets under administration reached $18.8 billion in November, reflecting a 9% year-over-year increase, indicating robust growth and enhanced user trust in the platform.
- Increase in Funded Accounts: The number of funded accounts rose to 3.79 million as of November, marking a 10% year-over-year growth, which highlights the company's successful user acquisition and retention strategies.
- Trading Activity Changes: The total number of trades in capital markets reached 46.3 million, up 16% year-over-year, although the invested amount per trade decreased to $269, down 13%, suggesting increased market activity but reduced trade sizes.
- Decline in Crypto Trading: Crypto asset trades totaled 5 million, a significant 48% decrease year-over-year, with the invested amount per trade dropping to $264, down 28%, reflecting volatility in the crypto market and a cautious investor sentiment.
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- Successful IPO: BitGo listed on the New York Stock Exchange, pricing its IPO at $18 per share, exceeding the expected range of $15-$17, successfully raising $212.8M, marking the first stock market debut by a digital asset company in 2026.
- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
- IPO Filing: KRAKacquisition has filed for a $250 million Nasdaq IPO, planning to issue 25 million units at $10 each, with each unit comprising one share and a quarter of a redeemable warrant, aimed at providing funding for future mergers.
- Undetermined Merger Target: The company has not yet identified a merger target and intends to seek one after completing the IPO, indicating a strategic focus on capital raising before pursuing acquisition opportunities.
- Market Context: This IPO filing comes as crypto firms are returning to U.S. public markets, reflecting a growing confidence in cryptocurrency-related businesses, which may attract more investor interest.
- Industry Trends: According to PitchBook, the total value of crypto VC deals reached $19.7 billion in 2025, highlighting active growth-stage funding, with expectations for increased liquidity in 2026, further driving the development of the crypto market.

Rise of AI in Retail Investing: Retail investors are increasingly utilizing AI models and chatbots for stock trading, with a 46% year-over-year increase in the use of AI tools for portfolio building, according to a survey by eToro Group Ltd.
Successful Portfolio Example: A Reddit user reported using ChatGPT for stock research, resulting in a portfolio that doubled their savings in three months, highlighting the potential of AI in identifying profitable investments.
Top Performing Stocks: Key stocks in the Redditor's portfolio included Bitfarms (178% gain), Tilray Brands (35% gain), Lithium Americas (56% gain), and Solid Power (123% gain), showcasing significant returns in various sectors.
Underperforming Stock: Geron Corp was noted as a loser in the portfolio, with a 15% decline over three months and a 62% drop for the year, illustrating the risks involved in stock investments.
- Index Component Changes: The KBW Nasdaq Insurance Index will add four companies, including Arthur J. Gallagher & Co. and Chubb Limited, while dropping four others like Ameriprise Financial, indicating shifts in market dynamics.
- Regional Banking Index Update: The KBW Nasdaq Regional Banking Index will add Axos Financial, Inc. and remove Synovus Financial Corp., reflecting a focus on emerging banks in the sector.
- Financial Sector Dividend Yield Index Adjustments: This index will add eight companies, such as Blue Owl Capital and Franklin BSP Realty Trust, while removing eight others, demonstrating a continued pursuit of high-yield investments.
- REIT Index Expansion: The KBW Nasdaq Premium Yield Equity REIT Index will add twelve companies, showcasing confidence in the real estate market, while removing nine, reflecting a trend of market consolidation.
- Index Component Changes: The KBW Nasdaq Insurance Index adds four companies, including Arthur J. Gallagher & Co. and Chubb Limited, while dropping four others, reflecting market dynamics.
- Regional Banking Index Update: The KBW Nasdaq Regional Banking Index adds Axos Financial, Inc. and removes Synovus Financial Corp., indicating a focus on emerging fintech companies.
- Dividend Yield Index Adjustments: The KBW Nasdaq Financial Sector Dividend Yield Index adds eight companies and drops eight, demonstrating ongoing investor interest in high-yield investments.
- REIT Index Expansion: The KBW Nasdaq Premium Yield Equity REIT Index adds twelve companies while removing nine, reflecting the vibrancy of the real estate market and investor confidence.

- Asset Management Growth: eToro's assets under administration reached $18.8 billion in November, reflecting a 9% year-over-year increase, indicating robust growth and enhanced user trust in the platform.
- Increase in Funded Accounts: The number of funded accounts rose to 3.79 million as of November, marking a 10% year-over-year growth, which highlights the company's successful user acquisition and retention strategies.
- Trading Activity Changes: The total number of trades in capital markets reached 46.3 million, up 16% year-over-year, although the invested amount per trade decreased to $269, down 13%, suggesting increased market activity but reduced trade sizes.
- Decline in Crypto Trading: Crypto asset trades totaled 5 million, a significant 48% decrease year-over-year, with the invested amount per trade dropping to $264, down 28%, reflecting volatility in the crypto market and a cautious investor sentiment.









