According to CoinMeta, on August 20th, Fisher Investments purchased $4 billion in long-term U.S. Treasury bonds through a BlackRock fund that invests in 20-year and longer-term U.S. Treasuries, identified as ETF. During the same period, another BlackRock fund with a shorter average maturity of U.S. Treasury bonds experienced a similar amount of capital outflow. A spokesperson for Fisher Investments stated that, due to their fiduciary responsibility to clients, the company is unable to comment on individual securities.