Robinhood Shares Jump After CFTC Approves Bitcoin Perpetual Futures on Kalshi

Shares of Robinhood (HOOD) climbed another 10% on Friday, extending a rally that has pushed the stock up more than 20% over the past two trading sessions as investors reacted to developments tied to the company's crypto, AI and retail investing initiatives.

“Robinhood stock Jumps 10% as crypto, AI and Trump account news boost shares Shares of Robinhood (HOOD) climbed another 10% on Friday, extending a rally that has pushed the stock up more than 20% over the past two trading sessions as investors reacted to a string of developments tied to the company's crypto, AI and retail investing initiatives”

@coindesk

The momentum included regulatory news after the U.S. Commodity Futures Trading Commission (CFTC) approved bitcoin (BTC) perpetual futures contracts on a regulated exchange operated by Kalshi, described as the first domestically regulated perpetual futures product in the U.S.

@coindesk

CFTC Chairman Mike Selig called the decisions a "major step forward" for policies aimed at supporting the U.S. crypto sector.

The same CFTC action also cleared a path for a Coinbase (COIN) affiliate to connect customers to global options and perpetual futures markets.

Robinhood’s crypto-linked expansion was also in focus after the company acquired crypto exchange Bitstamp, with investors digesting the latest product announcements alongside the regulatory approvals.

Beyond the CFTC approvals, investors were reacting to Robinhood’s own announcements, including Agentic Trading and an Agentic Credit Card unveiled on Wednesday that let customers connect third-party AI agents to automate investing and spending decisions.

The company said users can set conditions for AI agents to monitor markets, rebalance portfolios, execute trades and make purchases while guardrails such as spending limits, notifications and instant shutdown controls remain in place.

Cryptonews.net

In parallel, TradingView’s coverage framed HOOD’s later pullback as shares retreating after a record-breaking rally in 2025, with the stock falling 25% year to date in 2026.

TradingView also linked the softness to a slowdown in crypto trading volumes in the first quarter of 2026, which weighed on results and led to a weaker-than-expected performance.

Cryptonews.net added that HOOD was attempting a rebound near 76.6, with the daily RSI14 at 48.54 and the model’s regime tag labeled "bearish."

Cryptonews.net said HOOD closed at 76.23, almost exactly on the Bollinger mid-band at 76.21, while daily EMAs sat above price at EMA20 76.76, EMA50 78.63, and EMA200 89.06.

“HOOD Stock Retreats After 2025 Rally: Should You Stay Invested”

TradingView

For a bullish confirmation, the article pointed to a push and 1H close above 76.54–76.63, followed by a daily close above 76.76, which would strengthen the rebound and open 77.43 and then 78.63.

On the downside, it warned that rejection beneath 76.5–76.7 combined with a slip below 75.44 (daily pivot) would hand control back to sellers and expose 74.24.

TradingView tied the broader stakes to crypto-related activity, noting that after the slowdown in crypto trading volumes in the first quarter of 2026, the softness persisted in the ongoing quarter and pressured investor sentiment.

With HOOD’s chart still described as neutral-to-bearish on the daily timeframe but constructive intraday, the next moves in regulated crypto derivatives and Robinhood’s AI-driven product rollout remained central to how investors read the stock’s direction.