HOOD surged 7% and BULL climbed 4% after Denier reported a 300% spike in retail crypto buy orders following the PDT rule repeal.
ARKF jumped 2% while IBIT gained just 0.6%, proving fintech brokers capture a trading-volume premium that pure Bitcoin spot funds don't.
The old $25,000 PDT threshold locked out most Webull users since average accounts hold just $5,500, and its repeal pushed Q2 revenue to $199M.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Robinhood didn't make the cut. Grab the names FREE today.
Retail brokers are catching a strong bid at midday Tuesday even as the underlying crypto tape barely budges. Robinhood Markets (NASDAQ:HOOD) stock is up 7% to $110.97, while Webull (NASDAQ:BULL) stock is climbing 4% to $8.86. The trigger sits with Webull CEO Anthony Denier, who told CNBC that retail buy orders for the largest cryptocurrencies have exploded since the June 4 repeal of the pattern day trader rule.
#repeal #Crypto
ARKF jumped 2% while IBIT gained just 0.6%, proving fintech brokers capture a trading-volume premium that pure Bitcoin spot funds don't.
The old $25,000 PDT threshold locked out most Webull users since average accounts hold just $5,500, and its repeal pushed Q2 revenue to $199M.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Robinhood didn't make the cut. Grab the names FREE today.
Retail brokers are catching a strong bid at midday Tuesday even as the underlying crypto tape barely budges. Robinhood Markets (NASDAQ:HOOD) stock is up 7% to $110.97, while Webull (NASDAQ:BULL) stock is climbing 4% to $8.86. The trigger sits with Webull CEO Anthony Denier, who told CNBC that retail buy orders for the largest cryptocurrencies have exploded since the June 4 repeal of the pattern day trader rule.
#repeal #Crypto
2 days ago
