# EDGAR Filing Document

**Accession Number:** 0002078321
**File Stem:** 0001213900-25-071231
**Filing Date:** 2025-8
**Character Count:** 19939
**Document Hash:** 11f5396e94ade03f0b34808abf6fd1b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-071231.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0001213900-25-071231

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250804

**DATE AS OF CHANGE**: 20250804

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** eToro Group Ltd.
- **CENTRAL INDEX KEY:** 0001493318
- **STANDARD INDUSTRIAL CLASSIFICATION:** SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95048
- **FILM NUMBER:** 251179808

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 30 SHESHET HAYAMIN STREET
- **CITY:** BNEI BRAK
- **PROVINCE COUNTRY:** L3
- **ZIP:** 5120261
- **BUSINESS PHONE:** 972 73-265-6600

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 30 SHESHET HAYAMIN STREET
- **CITY:** BNEI BRAK
- **PROVINCE COUNTRY:** L3
- **ZIP:** 5120261

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tradonomi Ltd.
- **DATE OF NAME CHANGE:** 20100603
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CM SPC
- **CENTRAL INDEX KEY:** 0002078321

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUITES 2803-04, 28/F, SOUTH ISLAND PLACE
- **STREET 2:** 8 WONG CHUK HANG ROAD
- **CITY:** HONG KONG
- **PROVINCE COUNTRY:** K3
- **ZIP:** 00000
- **BUSINESS PHONE:** 852 3978 3888

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUITES 2803-04, 28/F, SOUTH ISLAND PLACE
- **STREET 2:** 8 WONG CHUK HANG ROAD
- **CITY:** HONG KONG
- **PROVINCE COUNTRY:** K3
- **ZIP:** 00000

## Exhibit 99.1

**Exhibit 99.1**

**JOINT FILING AGREEMENT**

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A ordinary shares no par value of eToro Group Limited. Each of the undersigned acknowledges that each shall be responsible for the timely filing of any statement (including amendments) on Schedule 13G, and for the completeness and accuracy of the information concerning him, her or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other persons making such filings, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate.

**IN WITNESS WHEREOF**, the undersigned hereby execute this Joint Filing Agreement on the dates set forth below.

---

| | | |
|:---|:---|:---|
| China Vered Financial Holding Corporation Limited | China Vered Financial Holding Corporation Limited | Date: August 4, 2025 |
| */s/ Xie Fang* | */s/ Xie Fang* |  |
| Name: | Xie Fang |  |
| Title: | Director |  |
| China Vered Financial Investment Management Limited | China Vered Financial Investment Management Limited | Date: August 4, 2025 |
| */s/ Xie Fang* | */s/ Xie Fang* |  |
| Name: | Xie Fang |  |
| Title: | Director |  |
| China Vered Capital (Cayman) Limited | China Vered Capital (Cayman) Limited | Date: August 4, 2025 |
| */s/ Xie Fang* | */s/ Xie Fang* |  |
| Name: | Xie Fang |  |
| Title: | Director |  |
| CM SPC acting on behalf of CM Equities SP | CM SPC acting on behalf of CM Equities SP | Date: August 4, 2025 |
| */s/ Xie Fang* | */s/ Xie Fang* |  |
| Name: | Xie Fang |  |
| Title: | Director |  |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** eToro Group Ltd.

**Title of Class of Securities:** Class A common shares, no par value per share

**CUSIP Number:** G32089107

**Date of Event Which Requires Filing of this Statement:** 05/15/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>China Vered Financial Holding Corporation Limited | Names of Reporting Persons<br>China Vered Financial Holding Corporation Limited |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>K3 | Citizenship or Place of Organization<br>K3 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4421953.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4421953.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4421953.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4421953.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.9% | Percent of Class Represented by Amount in Row (9)<br>8.9% |
| 12. | Type of Reporting Person (See Instructions)<br>HC | Type of Reporting Person (See Instructions)<br>HC |

**Comment for Type of Reporting Person:** All shares are held of record by SPC (as defined in Item 2(a) below) and consists of (i) 2,029,077 Class A common shares and (ii) 2,392,876 Class A common shares issuable upon conversion of Class B common shares. SPC is the wholly owned subsidiary of CVCC (as defined in Item 2(a) below); CVCC is the wholly owned subsidiary of CVFI (as defined in Item 2(a) below); and CVFI is the wholly owned subsidiary of CVFH (as defined in Item 2(a) below). Each of SPC, CVCC, CVFI and CVFH may be deemed to share voting, investment and dispositive power with respect to these securities.

Based on 49,613,742 shares outstanding, comprised of (i) 47,220,866 Class A common shares outstanding as of May 14, 2025, as reported by the Issuer in its prospectus filed with the Securities and Exchange Commission (the "Commission") on May 15, 2025 (the "Prospectus"), plus (ii) an aggregate of 2,392,876 Class A common shares issuable upon conversion of Class B common shares held of record by the SPC.

---

| 1. | Names of Reporting Persons<br>China Vered Financial Investment Management Limited | Names of Reporting Persons<br>China Vered Financial Investment Management Limited |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>K3 | Citizenship or Place of Organization<br>K3 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4421953.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4421953.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4421953.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4421953.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.9% | Percent of Class Represented by Amount in Row (9)<br>8.9% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** All shares are held of record by SPC and consists of (i) 2,029,077 Class A common shares and (ii) 2,392,876 Class A common shares issuable upon conversion of Class B common shares. SPC is the wholly owned subsidiary of CVCC; CVCC is the wholly owned subsidiary of CVFI; and CVFI is the wholly owned subsidiary of CVFH. Each of SPC, CVCC, CVFI and CVFH may be deemed to share voting, investment and dispositive power with respect to these securities.

Based on 49,613,742 shares outstanding, comprised of (i) 47,220,866 Class A common shares outstanding as of May 14, 2025, as reported by the Issuer in the Prospectus, plus (ii) an aggregate of 2,392,876 Class A common shares issuable upon conversion of Class B common shares held of record by the SPC.

---

| 1. | Names of Reporting Persons<br>China Vered Capital (Cayman) Limited | Names of Reporting Persons<br>China Vered Capital (Cayman) Limited |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4421953.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4421953.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4421953.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4421953.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.9% | Percent of Class Represented by Amount in Row (9)<br>8.9% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** All shares are held of record by SPC and consists of (i) 2,029,077 Class A common shares and (ii) 2,392,876 Class A common shares issuable upon conversion of Class B common shares. SPC is the wholly owned subsidiary of CVCC; CVCC is the wholly owned subsidiary of CVFI; and CVFI is the wholly owned subsidiary of CVFH. Each of SPC, CVCC, CVFI and CVFH may be deemed to share voting, investment and dispositive power with respect to these securities.

Based on 49,613,742 shares outstanding, comprised of (i) 47,220,866 Class A common shares outstanding as of May 14, 2025, as reported by the Issuer in the Prospectus, plus (ii) an aggregate of 2,392,876 Class A common shares issuable upon conversion of Class B common shares held of record by the SPC.

---

| 1. | Names of Reporting Persons<br>CM SPC acting on behalf of CM Equities SP | Names of Reporting Persons<br>CM SPC acting on behalf of CM Equities SP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4421953.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4421953.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4421953.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4421953.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.9% | Percent of Class Represented by Amount in Row (9)<br>8.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** All shares are held of record by SPC and consists of (i) 2,029,077 Class A common shares and (ii) 2,392,876 Class A common shares issuable upon conversion of Class B common shares. SPC is the wholly owned subsidiary of CVCC; CVCC is the wholly owned subsidiary of CVFI; and CVFI is the wholly owned subsidiary of CVFH. Each of SPC, CVCC, CVFI and CVFH may be deemed to share voting, investment and dispositive power with respect to these securities.

Based on 49,613,742 shares outstanding, comprised of (i) 47,220,866 Class A common shares outstanding as of May 14, 2025, as reported by the Issuer in the Prospectus, plus (ii) an aggregate of 2,392,876 Class A common shares issuable upon conversion of Class B common shares held of record by the SPC.

---

**Item 1(a). Name of Issuer:**
eToro Group Ltd.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
30 Sheshet Hayamim St., Bnei Brak, Israel 5120261

**Item 2(a). Name of Person Filing:**
China Vered Financial Holding Corporation Limited ("CVFH"), a company incorporated under the laws of Hong Kong. The shares of CVFH are listed on the Main Board of The Stock Exchange of Hong Kong Limited (stock code: 245);

China Vered Financial Investment Management Limited ("CVFI"), a company incorporated under the laws of Hong Kong;

China Vered Capital (Cayman) Limited ("CVCC"), a company incorporated under the laws of the Cayman Islands; and

CM SPC ("SPC"), a segregated portfolio company incorporated under the laws of the Cayman Islands, acting on behalf of CM Equities SP, a segregated portfolio of the SPC.

(each, a "Reporting Person" and, collectively, "Reporting Persons")

The agreement among the Reporting Persons to file jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act is attached hereto as Exhibit 99.1. Each Reporting Person disclaims beneficial ownership of all securities reported in this Statement except to the extent of such Reporting Person's pecuniary interest therein, if any, other than those securities reported herein as being held directly by such Reporting Person.

**Item 2(b). Address of Principal Business Office:**
The principal business address of each of the Reporting Persons named in Item 2(a) is Suites 2803-04, 28/F, South Island Place, 8 Wong Chuk Hang Road, Hong Kong.

**Item 2(c). Citizenship:**
For each of CFVH and CVFI, Hong Kong. For each of CVCC and SPC, the Cayman Islands.

**Item 2(d). Title of Class of Securities:**
Class A common shares, no par value per share

**Item 2(e). CUSIP Number:**
G32089107

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

4,421,953

**(b) Percent of class:**

8.9 %

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

0

**(ii) Shared power to vote or to direct the vote:**

See cover page tables above. Percentage ownership based on 49,613,742 shares outstanding, comprised of (i) 47,220,866 Class A common shares outstanding as of May 15, 2025, as reported by the Issuer in the Prospectus, plus (ii) an aggregate of 2,392,876 Class A common shares issuable upon conversion of Class B common shares held of record by the SPC.

**(iii) Sole power to dispose or to direct the disposition of:**

0

**(iv) Shared power to dispose or to direct the disposition of:**

See cover page tables above.

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**China Vered Financial Holding Corporation Limited**

**Date:** 08/04/2025

**By:** /s/ Xie Fang

**Name & Title:** Xie Fang, Director

**China Vered Financial Investment Management Limited**

**Date:** 08/04/2025

**By:** /s/ Xie Fang

**Name & Title:** Xie Fang, Director

**China Vered Capital (Cayman) Limited**

**Date:** 08/04/2025

**By:** /s/ Xie Fang

**Name & Title:** Xie Fang, Director

**CM SPC acting on behalf of CM Equities SP**

**Date:** 08/04/2025

**By:** /s/ Xie Fang

**Name & Title:** Xie Fang, Director