Robinhood is trading 4.54% up at $109.16 after the SEC announced its five-year “Innovation Exemption,” allowing certain venues to offer tokenized stocks.
- The guidance may expand Robinhood’s opportunity in blockchain-based securities and directly supported Thursday’s rally; shares were reported up 6% following the announcement.
- Bitcoin rose 0.52% and Ethereum gained 1.64%, providing modest support, though neither independently explains Robinhood’s larger advance.
- Nasdaq gained 1.65% and S&P 500 1.18%, reinforcing risk appetite.