Robinhood Set to Join S&P 500 as Bitcoin Giant Strategy Misses Out

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In short

Robinhood was added to the S&P 500
Publicly traded digital asset-focused corporations have benefited from the friendlier regulatory and political surroundings of current months.
The S&P 500 added crypto alternate Coinbase to the index in Could.

Shares of Robinhood soared 7% in after hours buying and selling after the S&P 500 added the crypto-focused fintech to the index.

Robinhood (HOOD) will be a part of the index on September 22, based on CNBC, which reported the choice, together with different retailers. Promoting expertise agency AppLovin was additionally added by the index.

However the index didn’t add Bitcoin treasury Technique, disappointing some observers.

The S&P determination underscores the rising would possibly of digital asset-focused firms, which have benefited from the friendlier political and regulatory surroundings of current months.

Cryptocurrency alternate Coinbase started buying and selling on its index on Could 19.

This story will probably be up to date.