Robinhood joins S&P 500 as Bitcoin strategy fails to make the cut

Robinhood has been included in the S&P 500 index, reflecting a broader trend benefiting digital asset firms. This change indicates a positive regulatory environment for cryptocurrencies.

After the announcement, Robinhood’s shares surged by 7% in after-hours trading. The decision highlights the growing importance of digital assets, but the S&P 500’s omission of the Bitcoin treasury strategy left some investors dissatisfied.