Core Insights - Robinhood is launching a fund called Robinhood Ventures Fund I to provide retail investors access to private markets, which have traditionally been available only to wealthy individuals and institutions [2][3] - The fund aims to invest in a concentrated portfolio of private companies at the forefront of their industries, with shares expected to trade under the symbol RVI on the New York Stock Exchange [4] - This initiative follows Robinhood's recent entry into the tokenized equities market in Europe and comes shortly after the company was added to the S&P 500 [4] Company Performance - Robinhood has seen a significant increase in transaction-based revenues, which rose 77% year over year, largely driven by its cryptocurrency business [5] - The company's second quarter earnings indicated a shift from its original focus on commission-free trading to a more diversified financial platform, with crypto-related revenues soaring 98% year over year to $160 million [6] - Total notional crypto trading volumes reached $35 billion, with a notable contribution of $7 billion in Q2 volume coming from the acquisition of Bitstamp, enhancing its institutional client base [7]