Robinhood Correlation with Bitcoin Falls from 80% to 52% as AI Agents Debut
HOOD•Robinhood’s trailing-quarter correlation with bitcoin slid from roughly 0.8 to 0.52 over recent weeks, marking its best two-day gain in six weeks despite bitcoin’s decline. The company will launch AI agents for equities trades in separate accounts, with options, crypto and spending features set for later rollout.
1. Reduced Bitcoin Correlation
Robinhood’s stock movement has loosened its tether to bitcoin, with the trailing-quarter correlation declining from about 0.8 in mid-March to roughly 0.52. This shift coincided with the stock’s strongest two-day gain in six weeks, even as bitcoin prices fell.
2. AI Trading Agent Launch
The company is rolling out AI-powered agents that will execute equity trades in separate user accounts under preset limits. Future updates will extend agent support to options, crypto, event contracts, futures and Gold card spending functions.
3. Implications for Stock Outlook
This narrative shift positions Robinhood as more than a crypto proxy, potentially reducing its beta sensitivity to bitcoin fluctuations. The upcoming performance of these AI agents during bitcoin’s next volatility test will be key to sustaining the stock’s independent momentum.
