According to TechFlow TechFlow, on February 13, Robert Mitchnick, Global Head of Digital Assets at BlackRock, stated at the Bitcoin Investor Week 2026 event that institutional investors, sovereign nations, and banks are buying Bitcoin on dips.
Robert Mitchnick also stated, "There's a misconception that a group of hedge funds are creating volatility and selling off in ETFs. But that's not what we're seeing. If you look at IBIT last week, during a week of significant volatility in the Bitcoin market, we only had 0.2% of our fund redeemed, right? So if there really were hedge funds massively liquidating in ETFs, you'd see billions flowing out. We've seen billions being liquidated on these leveraged perpetual contract platforms. ETFs have remained very stable. Their investor base is more inclined to buy and hold for the long term."
