Robinhood and Webull jump 7% as Bitcoin surges; Coinbase gains 11%

Robinhood Markets and Webull shares each rose 7% midday Wednesday as Bitcoin climbed 6% over 24 hours to around $68,500. Coinbase gained 11% to $163.32, while the ARK Fintech Innovation ETF rose 4% to $44.20. The moves appeared to reflect a crypto rebound rather than a confirmed trend change: Robinhood was down 19% year to date through Tuesday’s close, Coinbase was down 35%, and ARKF was down 11%. Webull is due to report Q2 2026 results on August 19 after the close, with analysts expecting average revenue of $182.83 million and EPS of $0.03. Robinhood CEO Vlad Tenev is urging U.S. regulators to approve tokenized stocks, while Coinbase is benefiting from a broader crypto rally and a friendlier regulatory backdrop. Investors are watching Webull’s earnings commentary, the CLARITY Act vote and whether Bitcoin and Coinbase can hold their gains.

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