Robinhood Joins S&P 500 as Crypto-Friendly Environment Boosts Fintech Companies

Robinhood's shares rose 7% in after-hours trading as the company was added to the S&P 500 index. The inclusion reflects the growing influence of digital asset-focused companies amid a more favorable regulatory environment. However, Bitcoin Treasury Strategy was excluded from the index, disappointing some observers. Coinbase was added to the S&P 500 on May 19.