New York, Feb 25, 2026, 11:45 EST — Regular session
- Robinhood shares climbed roughly 5.8% during morning trade, recouping some ground after a stretch of volatility earlier this week.
- Bitcoin’s rebound, combined with a broader risk-on mood across U.S. equities, helped provide a tailwind.
- All eyes now turn to Robinhood Ventures Fund I, slated for its NYSE debut, with investors also tracking a CFO appearance set for March 2.
Robinhood Markets climbed 5.8% to $77.64 on Wednesday, building on its rebound from Tuesday’s $73.39 finish. Shares moved in a range from $74.64 to $77.70 through the session. (Google)
With bitcoin rallying roughly 6% and major U.S. indexes ticking up, retail brokerage shares caught fresh attention from momentum traders. Nasdaq rose around 1% in the period, Investing.com data show. (Investing.com)
Why it matters now: Robinhood wants to transform its volatile, retail-heavy trading flow into a steadier business — and it’s betting on private-market offerings to do it. Watch Feb. 26: that’s when trading is slated to open for Robinhood Ventures Fund I, according to the company’s own listing for the fund. (Robinhood)
The company-backed fund is targeting a $1 billion raise, aiming to offer 40 million shares at $25 each. Robinhood disclosed that the fund itself would sell 35 million shares, with another 5 million coming from Robinhood Markets as the selling shareholder. Goldman Sachs is listed as the sole bookrunner. (GlobeNewswire)
Robinhood pitched its new fund as an entry point for regular investors to get access to private companies, naming Databricks, Ramp, and Revolut in its initial lineup, according to a Feb. 17 release. “Opening up private markets will resolve one of the greatest longstanding inequities in capital markets today,” CEO Vlad Tenev said. (GlobeNewswire)
In its filing, Robinhood Ventures Fund I is labeled as a newly formed, non-diversified closed-end fund with little track record to speak of. The document also points out a standard risk for closed-end funds: shares might end up trading below net asset value, or NAV—the per-share value of what’s in the portfolio. (SEC)
Robinhood’s January update highlighted just how much its fortunes remain tied to trading. The company reported 27.2 million funded customers at month’s end and platform assets around $324 billion. Equity and options volumes picked up compared to December. (GlobeNewswire)
Robinhood had already delivered its quarterly numbers earlier this month, notching record overall revenue but missing the mark on crypto trading, Reuters reported. Transaction-based revenue climbed 15% to $776 million. But crypto trading brought in $221 million—falling short of analysts’ $248 million forecast, according to the report. (Reuters)
Since then, investors haven’t hesitated to sell into moves in the stock. Wednesday’s rebound faces a test: will trading volumes stick once attention returns to customer growth and new product adoption, rather than crypto’s daily gyrations?
The private-markets angle isn’t without risks. Should the fund launch to lackluster demand, or slip under its NAV, that might dent enthusiasm for what Robinhood is pitching as its next big growth story. Any stumble here could easily wash back onto HOOD, which investors have been treating like a levered bet on retail risk appetite.
Looking ahead, Robinhood has lined up its next event: CFO Shiv Verma is slated to speak at the Citizens Technology Conference on March 2. Investors can catch the webcast through the company’s investor relations page. (GlobeNewswire)
