What Happened: eToro CEO and Founder Yoni Assia changed his profile picture to a Bored Ape on Twitter and shared a thread of why he made the purchase and what’s next.

“I’ve been following the #NFT space, some books/articles even attribute my initial articles of #ColoreCoins as invention of NFTs, it’s a fascinating industry,” Assia tweeted.

Assia purchased Bored Ape #3874 which features the following traits:

• Gray Background: 12% (of all Bored Apes)
• Smoking Jacket: 2%
• Coin Eyes: 5%
• Brown Fur: 14%
• Horns Hat: 3%
• Bored Unshaven Mouth: 16%

The Ape was purchased for 52 Ethereum (CRYPTO: ETH) on Friday, worth around $209,000 at the time of writing.

Rarity Tools ranks this ape as the #8780 most rare of the 10,000 Bored Ape NFTs.

The OpenSea account called "Toro1" that bought the Ape also owns several Desperate Apewives NFTs and CryptoKitties. 

Related Link: eToro's Growth Is Explosive, But Wait Until You Hear How Much Bitcoin The CEO Bought For About $10 Per Coin

What’s Next: eToro is set to go public via a SPAC merger with FinTech Acquisition Corp V (NASDAQ:FTCV) in a deal valuating the company at $10.4 billion.

eToro ended the third quarter with 24.8 million registered users, up 8% year-over-year. The company reported 2.1 million funded accounts, up 152% year-over-year. Assets under administration were $10.6 billion for eToro in the third quarter.

Net trading income was $176 million in the third quarter, up 56% year-over-year.

“As we approach the close of 2021, there is a growing number of retail investors around the world actively engaging with capital and crypto markets,” Assia said.

NFTs and the metaverse could be big themes for the growth of eToro according to Assia.

“We @eToro are now exploring the #NFT space, and with retrospect of 10 years in the #crypto space, I have to say that there is logic in the #mostentertainingoutcome concept in the metaverse.”

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