Robinhood has been added to the S&P 500 index, with its shares rising 7% in after-hours trading following this announcement. This inclusion highlights the increasing influence of digital asset-focused companies amidst a more favorable political and regulatory landscape. The S&P 500 had previously added the crypto exchange Coinbase earlier in May. However, the index did not include the Bitcoin treasury strategy, which disappointed some investors and observers. The move by the S&P signals the rising acceptance and growth of fintech firms centered around cryptocurrencies, contrasting with previous restrictions and skepticism surrounding the sector. The addition of Robinhood reflects a broader trend in which public interest and investment in crypto and related technologies are strengthening, aided by evolving regulations. The company, which has embraced digital assets alongside traditional trading, stands to play a significant role in the future of fintech and cryptocurrency exchange operations.

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