Are retail traders selling their bitcoin to buy the SpaceX IPO?

SpaceX's $75 billion IPO, valued at $1.8 trillion, allocates 30% to retail investors via Robinhood, Fidelity, and Charles Schwab. Stablecoin and exchange data show no significant crypto outflows for cash. Bitcoin fell 16% but recovered to $61,000. Spot bitcoin and ether ETFs saw $4.4 billion in redemptions. Online speculation about retail crypto sales lacks concrete evidence.