🔎 What recent public data does show
On October 23, 2025, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) added about $90.6 million in Bitcoin-related ETF inflows.
Over early October 2025 there was a broader wave of ETF inflows: some sources report that U.S. spot Bitcoin ETFs (led by BlackRock + Fidelity) drew hundreds of millions – even billions over short periods.
This institutional interest has been a key driver of recent Bitcoin price rallies (in ETF-driven “accumulation” phases).
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⚠️ Why “$253.7 million purchase” remains unverified / likely rumor
I did not find any credible, public record confirming a single discrete Bitcoin purchase by BlackRock + Fidelity totalling exactly $253.7 million.
The most recent verified inflow event from both together (above) was ~$90.6 M.
Given how ETF flows work (many small buys, redemptions, rebalancing), a “big round number” like $253.7 M looks more like social-media speculation or a mis-aggregation rather than a confirmed trade.
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✅ What this means — with caution
Institutional interest remains real: BlackRock and Fidelity continue to be among the largest drivers of ETF-based BTC demand.
But headlines citing big-ticket buys should be treated skeptically unless backed by official filings or transparent flow data.
For investors and watchers: watch ETF flow reports (daily/weekly) rather than social-media posts claiming big purchases.
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If you like, I can pull up the latest 12-month inflow/outflow chart for all major U.S. BTC ETFs (BlackRock, Fidelity, etc.) — that gives a clearer picture than individual claims.#BTCRebound90kNext? #bitcoin $BTC
