S&P 500 Snub Hits Robinhood & MicroStrategy as IBKR Joins

Published: 2025-08-26 06:56:46 |

Shares of Robinhood and MicroStrategy fell after missing out on S&P 500 inclusion. Interactive Brokers Group will join the S&P 500 on Thursday, replacing Walgreens Boots Alliance. Robinhood declined 1.26% at Monday’s close and 0.5% in after-hours trading, while IBKR gained 3.9%. MicroStrategy slid over 4% to $341 and dropped further in after-hours as Bitcoin dipped below $110,000, signaling broader crypto market weakness. S&P 500 inclusion typically attracts passive funds. Despite the snub, Robinhood is still up nearly 190% year-to-date. MicroStrategy’s outlook remains tied to Bitcoin’s performance and market volatility.

Bearish

The S&P 500 exclusion weighed on crypto-linked equities, triggering a sell-off in MicroStrategy shares and a dip in Bitcoin below $110,000. Market flow toward passive index funds intensified selling pressure. Short-term sentiment turned negative as investors adjust positions ahead of the Thursday rebalancing. Longer term, Bitcoin fundamentals remain intact but face headwinds from broader equity volatility and regulatory scrutiny.