Robinhood and CF Benchmarks are turning Ethereum’s price into a new kind of event contract that lets users trade the outcome without buying or holding Ether. On Robinhood, traders take a position on where Ethereum will settle at 7 a.m. Eastern on July 7, 2026. Instead of opening a wallet or a futures trade, you pick from preset price bands, for example, a range around 1,770 to 1,790, with other nearby bands covering the rest of the possible outcomes. Contract prices typically run from 1 cent to 99 cents and pay out if your chosen range is the one that hits. The contract resolves using data verified by CF Benchmarks, and for some single-price markets Robinhood says that can include an average of 60 benchmark readings collected before expiry. These are cleared derivatives, using KalshiEx exchange infrastructure and exchange-style fees. And with Robinhood reporting $2.4 billion in event-contract volume in February 2026, this is becoming a bigger part of the retail trading menu.