In September, BlackRock's IBIT was crazily buying up BTC, yesterday, BlackRock dumped $207 million like crazy! In September, $1.2 billion flowed in during a single week, total net inflow for the month was $2.65 billion, not a single day of sustained large outflows. From October 1st to 6th, total net inflow was $514 million. On October 7th, a single-day net outflow of $207 million. In just one day, a shocking reversal. ETFs aren't institutions, they're just big retail investors.