Catenaa, Wednesday, August 29, 2025-Shares of Robinhood and MicroStrategy declined after both companies were passed over for inclusion in the S&P 500 index, with Interactive Brokers Group taking the available spot instead of Walgreens Boots Alliance. Robinhood stock fell 0.5% to $107.40 in after-hours trading, despite gaining nearly 190% year-to-date. The trading platform has repeatedly been overlooked for index inclusion, even amid strong retail investor interest and renewed enthusiasm.
MicroStrategy shares dropped 4.17% during regular trading and another 0.6% in after-hours to $341. The software firm’s stock closely mirrored Bitcoin’s movements, which fell 2% as it briefly slipped below $110,000.
S&P 500 inclusion typically drives demand for eligible stocks due to passive fund tracking, often resulting in a notable boost for selected companies. Crypto-related firms have historically sought the benchmark’s exposure, with Jack Dorsey’s Block Inc. being the most recent entrant in July. Analysts note that while the decision may disappoint investors, it reflects the index committee’s strict criteria and ongoing market considerations rather than company performance alone.
The missed inclusion leaves both Robinhood and MicroStrategy outside the index, potentially limiting immediate passive inflows, while broader crypto market movements continue to influence the companies’ stock performance.
