Robinhood (HOOD) Price on Solana

Robinhood has launched two publicly traded venture funds giving retail investors direct exposure to private-market companies ahead of their IPOs. Robinhood Ventures Fund I (RVI), which debuted around \$25 in March, nearly tripled in value in the weeks leading up to SpaceX's IPO before settling back near \$28. Following RVI's reception, Robinhood created a second fund in August — Robinhood Ventures Fund II (RVII) — offering 8 million common shares with a focus on early-stage Y Combinator startups with longer exit timelines. Both funds carry a 3.13% expense ratio.

The funds are gaining attention as SEC Chairman Paul Atkins has signaled the agency is exploring ways to broaden retail access to alternatives such as private equity and hedge funds — asset classes historically limited to accredited investors. Robinhood's venture products sit at the intersection of that regulatory shift and surging retail demand for pre-IPO exposure to companies like OpenAI and Anthropic, though the funds carry liquidity and valuation risks that financial advisors are flagging to investors.

Robinhood used its HOOD Summit in Houston to announce weekend trading for a selection of US stocks and ETFs on Saturdays and Sundays, according to CoinDesk. The trades will run through Bruce ATS, an alternative trading system. That covers the gap left by Robinhood's 24 Hour Market, which launched in 2023 but closes over the weekend. The company also launched Robinhood Agents, a built-in AI tool. Users pick a model from OpenAI or Anthropic and open a dedicated account, and the agent can research markets, build watchlists and trade stocks, options and crypto. By default each trade needs the customer's approval, and leverage isn't available at launch. A planned feature called "Loops" will let agents run a standing strategy on their own. Robinhood said more than 150,000 agentic accounts have been opened since it made its agent infrastructure available earlier this year.

Robinhood also announced perpetual futures for eligible US customers through Robinhood Derivatives and Bitstamp, with up to 10x leverage on bitcoin and ether and lower limits on other tokens. Further additions are binary earnings contracts through Cboe, tied to metrics like revenue and earnings per share, and longer trading hours for options. "One of our top priorities as a company is to be number one for active traders," said Abhishek Fatehpuria, Robinhood's VP of product management. HOOD shares closed at $113.05 on the day of the summit, up 0.48%.

Robinhood shares rose to a new year-to-date high on Tuesday while Charles Schwab fell 6%, as Meta's new Muse AI assistant revived fears that AI agents could disrupt traditional brokerages, CNBC reported. Schwab is now down more than 8% since Muse was announced. Traders treated Robinhood differently. CNBC said HOOD buyers took roughly twice as many calls as puts, with more than 80% of about $95 million in options premium tied to calls. The most-traded contract was the 125-strike call expiring Friday. Schwab options, by contrast, traded at five times average volume, with nearly twice as many puts bought as calls.

Part of the contrast comes from Robinhood's own product push. In May it launched AI agents that can trade and manage portfolios for users. Meta says Muse won't trade or give financial advice, though it can track investments and analyze how holdings fit together. Wolf Financial founder Gav Blaxberg told CNBC that Gen Z and millennial investors lean toward platforms like Robinhood. According to CNBC, HOOD is up about 10% in 2026 after falling more than 40% in the first quarter, and has gained roughly 1,200% over three years.

Robinhood CEO Vlad Tenev is steering the company toward becoming a full-service wealth management platform, using active traders as a customer acquisition engine rather than an end in itself. Tenev describes traders as "the engine room and the foundation" of the business—a base from which Robinhood then moves users toward retirement accounts, advisory services, and other long-term financial products. The pivot comes as Robinhood's user base matures, with funded accounts reaching 28 million at the end of June (up 7% year-over-year), while revenue per user has climbed 24% over the same period, signaling the strategy is already bearing fruit.

To execute the vision, Robinhood is broadening into custodial investing, banking, credit cards, and an advisor network built around its acquisition of TradePMR. Robinhood Gold subscribers already receive a 3% match on eligible IRA contributions. Tenev has pointed to the projected $100 trillion intergenerational wealth transfer as a generational opportunity, framing Robinhood's goal as democratizing wealth management services that have historically been accessible only to wealthy clients.

Robinhood Ventures Fund I committed $25 million to Crusoe Energy, an AI infrastructure company based in Denver, Colorado, as part of Crusoe's $3.9 billion Series F round that closed August 31, 2026 at a $30.9 billion valuation. The round also drew participation from Nvidia, ARK Invest, Atreides Management, and Valor Equity Partners. Robinhood CEO Vlad Tenev framed the bet in terms of the AI stack: "The infrastructure behind AI matters as much as the models themselves and RVI investors now have a stake in Crusoe."

The investment marks a strategic move by Robinhood's venture arm into the physical layer of the AI buildout — data centers, power, and compute — rather than model companies. Crusoe co-founder and CEO Chase Lochmiller described the firm's ambition as controlling infrastructure "from electrons to tokens" to enable scientific breakthroughs. Robinhood Ventures Fund I has gained 32% since its launch, while HOOD shares are down roughly 4% in 2026.

Robinhood Chain generated $34.4 million in transaction fees over the 30 days ending September 10, outpacing Ethereum's $11.3 million over the same window — though Ethereum's broader ecosystem, including DeFi and staking projects, collected roughly $290 million in total fees. Much of Robinhood Chain's haul arrived in the final seven days of the period as speculative activity in crypto markets intensified. The chain's largest fee contributor was Pons Launchpad, which alone collected $96.1 million in user fees over the month.

After costs, the chain retained $30.1 million net over the 30 days, implying an annualized quarterly run rate of around $90.3 million — meaningful but still incremental against Robinhood's $1.3 billion total net revenue in Q2 2026. Analysts note the blockchain reinforces Robinhood's positioning as a one-stop investing and speculating platform, though the pace of fee generation has been heavily influenced by short-term market conditions.

Robinhood announced a multiyear agreement on September 8 to route select event contracts through OG.com's CFTC-regulated exchange and clearinghouse infrastructure, adding a new institutional-grade venue to its prediction markets business. As part of the deal, Robinhood will receive equity stakes in both Crypto.com and OG.com, deepening its ties beyond a pure distribution arrangement. The partnership arrives alongside expanded football offerings timed to the NFL season and U.S. midterm elections, diversifying Robinhood's infrastructure beyond existing partners Kalshi and Rothera.

Prediction market contracts have become a meaningful revenue line for the company, generating $156 million in Q2 alone, with customers trading roughly 45 billion contracts on the platform through August. Robinhood's 28.5 million funded customers give it significant distribution scale for these products, and the Crypto.com arrangement reduces reliance on any single clearing venue as the segment continues to grow. Regulatory uncertainty over CFTC versus state gaming authority jurisdiction remains an outstanding risk for the business.