Crypto influencers like Ash Crypto and Whale Insider sparked major buzz on Friday, claiming BlackRock’s iShares Bitcoin Trust (IBIT) was aggressively accumulating more $BTC around the $80K range.
However, not everyone agreed with the hype. UFC fighter Ian Heinisch challenged the narrative, saying BlackRock itself doesn’t directly buy spot Bitcoin, while analyst Mind Math Money emphasized that long-term consistent inflows matter more than one-time headline figures.
Adding to the confusion, data from Farside Investors showed IBIT actually recorded a $285M outflow on May 13, with no confirmed $144M inflow reported.
The mixed ETF activity highlights how uncertain institutional demand has become after Bitcoin pulled back from its late-2024 highs.
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