Quick Read – 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…
n’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 analyst 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.
That distinction matters for how the tape gets read today. Brokers earn on order flow and transaction volume, not on the price of the underlying coin. Bitcoin (CRYPTO:BTC) is up only 0.4% over the past 24 hours, yet retail activity is spiking at the BTC price hovers near $80,000, and the money follows the volume.