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BlackRock's Mitchnick Says Bitcoin Sentiment Is Gradually Turning More Bullish

AI Market Summary
BlackRock's digital-assets leadership highlighted a noticeable improvement in Bitcoin-native sentiment and emphasized BTC's potential decoupling from equities, reinforcing its framing as a portfolio diversifier. The narrative is supported by strong U.S. spot Bitcoin ETF demand, with ~$853.5m weekly inflows and IBIT contributing ~$693.7m, underscoring institutional allocation and improving near-term liquidity conditions for BTC.
Impact level
● High
Affected assets
BTC/USDT-1.90%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Bitcoin investor sentiment has "turned noticeably" more constructive over the past month, according to Robert Mitchnick, BlackRock's Head of Digital Assets, speaking in a televised interview. He highlighted Bitcoin's increasing decoupling from equities as a favorable sign and said the shift could reinforce its role as a portfolio diversifier. U.S. spot Bitcoin ETFs took in about $853.5 million in net inflows last week. BlackRock's IBIT represented roughly $693.7 million of that total. Source: The Block
Selected
BTC
BTC-1.91%
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