BlackRock's Head of Digital Assets, Robert Mitchnick, stated that over the past month, Bitcoin market sentiment has shown a noticeable but moderate improvement. Since the beginning of the year, the correlation between BTC and U.S. stocks has decreased. During the sharp pullback of AI concept stocks in July, Bitcoin outperformed relatively, and this 'decoupling' helps reinforce its logic as a portfolio diversification tool and a potential hedge against tail risks. Mitchnick mentioned that Bitcoin ETF investors are still primarily long-term holders. Last week, U.S. spot Bitcoin ETFs saw net inflows for five consecutive trading days, totaling approximately $853.5 million—the best weekly performance since mid-April. Among these, BlackRock's IBIT had net inflows of about $693.7 million, accounting for over 80% of the total inflows. (The Block) https://(wublock123.com)/news/blackrock-bitcoin-stock-correlation-falls-market-sentiment-improves-66259