BlackRock: Bitcoin ' s correlation with US stock has declined, and market sentiment has improved in the last month

On 11 August, Robert Mitchick, Digital Asset Manager of BlackRock, stated that there had been a marked but moderate improvement in the mood in the Bitcoin market over the past month, that the BTC's relevance to the United States stock had declined since the current year, and that the “decoupling” of Bitcoin during the significant reversal of the AI Concept Unit in July helped to strengthen its logic as a portfolio-dispersion tool and as a potential tail-risk hedge asset. Mitchnick states that Bitcoin ETF investors continue to be dominated by long-term holdings. Last week, United States spot bitcoin ETF net inflows for five consecutive trading days, totalling approximately $853.5 million, represented the best single-week performance since mid-April, with BlackRock IBIT net inflows of about $693.7 million, or more than 80 per cent of total inflows。