New York, Jan 30, 2026, 12:00 ET — Regular session
- Robinhood shares climbed roughly 1.4% in midday trading
- Report said the U.S. is considering the broker for a trustee position in new child investment accounts
- Traders are eyeing crypto prices alongside Robinhood’s Feb. 10 earnings report
Shares of Robinhood Markets edged up roughly 1.4%, hitting $102.67 around midday Friday. This came after a report suggested the U.S. government might enlist the online broker to manage new “Trump accounts” designed for children. Coinbase shares slipped about 1.4%, while bitcoin dropped close to 2.6%, keeping crypto-related stocks under pressure despite Robinhood’s gains. (Reuters)
If Robinhood secures the mandate, it would go beyond just a headline win. The trustee role means the firm manages and holds the accounts—taking care of custody, record-keeping, and the daily operations that, once established, rarely change.
This is significant for a company whose growth is still partly measured by market sentiment. A government-backed influx of accounts would represent a different dynamic—less about chasing the latest trade and more about maintaining platform balances.
Bloomberg also reported this week that Robinhood is competing with Wall Street banks for a retail slice in SpaceX’s pending IPO. The offering might come through Robinhood’s IPO Access platform, allowing customers to buy shares at the IPO price ahead of public trading. (Bloomberg Law)
Crypto took a hit on Friday, with Bitcoin dropping to a two-month low amid concerns that a hawkish Federal Reserve could sap market liquidity, Reuters reported. “As you start to talk about pulling the rug out from underneath that …,” said Damien Boey, portfolio strategist at Wilson Asset Management in Sydney. (Reuters)
Robinhood’s Chief Technology Officer Jeffrey Tsvi Pinner offloaded 5,864 shares on Jan. 26, according to a filing. The sales went through at weighted average prices between $105.285 and $108.0661, executed under a prearranged Rule 10b5-1 plan. After these transactions, he reported holding 9,133 shares personally. (SEC)
That optimistic take on a potential trustee role comes with a major caveat: no contract has been awarded so far. The government might go with bigger, established players, divide the job between several firms, or drag out the process longer than anticipated — keeping the stock tied to its regular influences like crypto volatility, retail trading activity, and interest income sensitive to rates.
Robinhood is set to release its fourth-quarter and full-year earnings on Feb. 10. Investors are eager for details on customer assets, trading volumes, and any insights about the child-accounts program. (Robinhood)
