New York, Feb 25, 2026, 18:03 (EST) — Trading moved into after-hours.
- Robinhood wrapped up the session with a 5.6% gain. Shares slipped roughly 1.1% after hours.
- Coinbase and other crypto-related financial stocks moved higher as Bitcoin bounced back.
- Attention now turns to how Robinhood prices its private-markets fund, with the CFO set to appear on March 2.
Robinhood Markets, Inc. rallied 5.6% to finish Wednesday’s session at $77.53. After the bell, the stock edged down 1.1%, settling at $76.65. Volume hit roughly 31.9 million shares. 1
The shift is important right now; Robinhood acts as a sort of barometer for risk — when crypto climbs, so does HOOD, and it drops on the same cues. Investors are also weighing if its expansion into private markets signals a lasting revenue stream, or if it’s just grabbing attention.
Bitcoin hovered near $69,100 at 4 p.m. ET, rebounding hard from overnight dips under $63,900. Crypto-adjacent stocks tracked higher. Coinbase Global surged nearly 13%, while Robinhood added close to 5% late in the day, per Investopedia. 2
Broader market gains offered a lift. Nvidia posted a 73% jump in quarterly revenue to $68.1 billion, topping forecasts, according to Reuters. That bolstered the risk appetite, which usually sweeps up Robinhood and other high-beta names. 3
Opinions among analysts remained divided. On Tuesday, Bank of America’s Craig Siegenthaler lowered his price target for Robinhood, trimming it to $122 from the previous $147, but maintained his Buy rating, according to TipRanks. 4
There’s also this: Robinhood is supporting a $1 billion closed-end fund aimed at letting retail investors get into private companies, IFR reported. Pricing is slated to come after Wednesday’s close. CFO Shiv Verma, in a livestreamed presentation, said the company wants to “make them accessible to all” when referring to private markets. 5
Closed-end funds put a set number of shares on the market, trading just like stocks. According to a preliminary prospectus filed with the U.S. Securities and Exchange Commission, this fund plans to list on the NYSE under the ticker “RVI.” The filing also makes it clear: closed-end funds like this frequently trade at a discount to their net asset value (NAV), meaning below the per-share value of what the fund actually holds. 6
The IPO is slated for 40 million shares at a price tag of $25 apiece, according to Robinhood and the fund. Out of that, the fund’s offloading 35 million shares, while Robinhood, listed as the selling shareholder, is putting 5 million on the block. The company named Goldman Sachs as its sole bookrunner. 7
Robinhood is promoting the fund as a way to tap into a group of private firms like Databricks, Revolut, and others. The company also disclosed it has a deal to purchase shares in Stripe, with that transaction expected once Stripe goes public. CEO Vlad Tenev described the initiative as an attempt to “resolve one of the greatest longstanding inequities” in the capital markets. 8
This could turn quickly. If bitcoin stumbles again or the fund’s launch goes sideways—with shares sinking below net asset value—it’ll reveal whether Wednesday’s surge was backed by real conviction or just fast-moving momentum traders.
Traders are bracing for the next session and the week ahead, with management commentary set to draw just as much attention as price moves. Robinhood CFO Shiv Verma will take the stage at the Citizens Technology Conference on March 2, according to the company. Both a live webcast and a replay will be available through Robinhood’s investor relations site. 9
