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Changpeng Zhao: Crypto price declines may be linked to Anthropic IPO and U.S. ETF outflows

Changpeng Zhao: Crypto price declines may be linked to Anthropic IPO and U.S. ETF outflows
Crypto price declines and ETF outflows

U.S. spot Bitcoin ETFs saw about $1.9 billion in outflows over seven trading sessions, according to Changpeng Zhao.

Changpeng Zhao questioned the causes of recent declines in crypto prices, suggesting that possible factors include money shifting to the Anthropic IPO and these ETF outflows. Zhao emphasized that correlation does not prove causation and stated that no one knows for sure why prices are down.

Zhao has previously discussed operational risks, including data leaks at Coinbase vendor Amplitude, Bithumb, and Korean securities firms. He has also addressed consumer security concerns, recently questioning the safety of using a crypto phone in public. These statements reflect Zhao's ongoing engagement with issues affecting both user security and the wider crypto ecosystem.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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