According to a TechFlow report on July 7, Caixin stated that OpenAI urgently refuted claims that it authorized Robinhood and stated that the so-called "OpenAI Token" is not equity of OpenAI. A Robinhood spokesperson mentioned that the OpenAI Token would provide investors with an indirect opportunity to invest in OpenAI through Robinhood's ownership in an SPV. This means that Robinhood does not directly hold shares of OpenAI but only indirectly holds shares through a certain SPV, and then ties the price of the OpenAI Token to the value of the OpenAI shares held by that SPV.

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