Overview

• Shares rose Tuesday after Robinhood reported August KPIs showing funded customers up 11% year over year to 26.7 million, platform assets up 112% to $304 billion, and $4.8 billion in net deposits for the month.
• Robinhood announced Robinhood Ventures Fund I, a closed-end vehicle pending SEC approval that aims to let everyday investors buy into private, pre‑IPO companies, with a planned NYSE ticker of RVI.
• S&P Dow Jones Indices has announced Robinhood will be added to the S&P 500, replacing Caesars Entertainment, a move that has driven recent gains.
• Jim Cramer said the stock could trend higher over time but warned it might pull back after the index-related boost.
• Context for the expansion includes Q2 revenue of $989 million, up 45% year over year, the Bitstamp acquisition to strengthen institutional crypto services, and the unveiling of Robinhood Social for sharing verified trades and strategies.