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Robinhood Seeks SEC Approval for Retail-Focused Venture Fund
Robinhood Seeks SEC Approval for Retail-Focused Venture Fund
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BTCCSquare news:
Robinhood has filed plans with the SEC for Robinhood Ventures Fund I, a private investment vehicle aimed at retail investors. The MOVE challenges traditional venture capital exclusivity by offering access to high-growth startups—a market segment historically dominated by institutions and ultra-high-net-worth individuals.
Private market valuations have surged amid AI and digital innovation trends, while the number of publicly listed U.S. companies has declined. "Wealthy people and institutions have invested in private companies while retail investors have been unfairly locked out," said CEO Vlad Tenev. The fund, if approved, will trade on the NYSE under ticker RVI.
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