BlackRock executives deny speculation that the "IBIT hedge fund crash triggered Bitcoin crash": IBIT is very stable, with fund redemptions only 0.2% BlockBeats News: On February 13th, Robert Mithnick, Global Head of BlackRock Digital Assets, stated at the Bitcoin Investor Week 2026 event that institutional investors, sovereign states, and banks are buying Bitcoin on dips. In addition, Mitchnick also clarified speculation about the "IBIT hedge fund crash causing a significant drop in Bitcoin", stating that there is a misunderstanding among the public that hedge funds are causing trouble, creating Bitcoin volatility, and selling in ETFs. But the situation we see is not like that. Last week, the Bitcoin market was clearly volatile, and we looked at the data from IBIT (BlackRock Bitcoin ETF), and the redemption volume of the entire fund was only 0.2%. If there are really a lot of hedge funds aggressively closing their arbitrage trades in ETFs, you should be able to see billions of dollars in capital outflows. And we have indeed seen billions of dollars in liquidation on these leveraged perpetual contract platforms. On the ETF side, it is very stable, and the investor base is more like the type of long-term buy and hold