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Is the net inflow a mirage? What is the truth?

BTC-ETF has been like a money printing machine in the past four days, pouring in 470 million dollars.

BlackRock's IBIT alone took in 495 million, a figure that's 40 times higher than the second place VanEck HODL, vividly depicting the scenario of "an elephant drinking water while an ant licks dew."

This wave of funds comes suspiciously — just three weeks ago, the ETF was bleeding heavily, losing 5.4 billion dollars over five consecutive weeks.