Robinhood soars past Caesars, joining S&P 500 after crypto surge

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Robinhood Markets is about to join the S&P 500 after reaching profitability and hitting a document inventory worth due to the increase in cryptocurrencies. On the identical time, Caesars Entertainment is being dropped from the index.

Beginning September 22, Robinhood shall be added to the benchmark index together with AppLovin, a cellular know-how platform, and Emcor Group, a development firm.

Responding to the information, the corporate’s CEO and co-founder, Vlad Tenev, wrote on X: “It’s an thrilling milestone to have Robinhood be a part of the storied S&P 500 Index. I’ll share what I advised the staff at present — we don’t cease to have a good time, our single focus stays constructing distinctive merchandise for our clients.”

It’s an thrilling milestone to have Robinhood be a part of the storied S&P 500 Index. I’ll share what I advised the staff at present — we don’t cease to have a good time, our single focus stays constructing distinctive merchandise for our clients.

— Vlad Tenev (@vladtenev) September 5, 2025

Robinhood’s S&P 500 transfer reveals restoration after years of volatility

Robinhood is having one among its strongest years since going public in 2021, after a tough begin. On its first day of buying and selling, the inventory closed under its $38 IPO worth and stayed unstable for years, ending 2023 at simply $12.74 a share.

Issues look very completely different now. The inventory has already tripled in 2025, buying and selling above $100 a share, on high of an enormous run-up in 2024. This has occurred at the same time as the corporate faces lawsuits from several gaming regulators within the US, who accuse it of providing unauthorized sports activities betting. Regardless of that, Robinhood lately launched prediction markets for pro and college football proper on its app.

One other massive driver has been the surge of curiosity in cryptocurrency, supported by a extra relaxed regulatory surroundings. The corporate has gained from the federal government’s lighter strategy to crypto throughout President Donald Trump’s time in workplace. Earlier this 12 months, the SEC even closed an investigation into whether or not Robinhood didn’t register some crypto belongings as securities and selected to not take any motion.

Robinhood additionally has historical past with one other market frenzy. In 2021, it was on the middle of the unique “meme inventory” craze round GameStop and AMC. The corporate ended up briefly proscribing buying and selling in these names as tensions flared between on-line retail traders and massive institutional gamers.

Featured picture: Robinhood / Canva

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