SoFi shares are down 44% year to date at $14.77, far weaker than fintech peers: the ARK Blockchain & Fintech Innovation ETF is down 5% and the SPDR S&P 500 ETF Trust is up 12%. The company launched SoFi Earn, a tokenized bank deposit paying a variable yield, on October 22, which holders can swap one-for-one into its SoFiUSD stablecoin. Over the same period Robinhood fell 15% to $96 and Affirm declined 3% to $72.26, highlighting SoFi's sharper slide. The article says hopes for a bottom rest on this new product channel and the upcoming third-quarter 2026 report, though a weak report could extend the decline and results could move the stock sharply in either direction.
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