From Cathie Wood to Cantor Fitzgerald, the big money is betting that Robinhood’s crypto slump is just a temporary speed bump
Robinhood's first-quarter earnings miss spooked markets, but major investors including Cathie Wood's Ark Invest are buying the dip. Wall Street analysts largely dismiss the crypto weakness as temporary, noting strong April equity and options trading volumes offset declining crypto activity. Bullish bets hinge on sustained trading momentum and new revenue from Robinhood's prediction markets platform, Rothera, gaining traction.
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