11th August 2026 – (New York) Robert Mitchnick, who oversees digital assets at BlackRock, has highlighted a discernible shift in sentiment among Bitcoin investors during a recent interview with Bloomberg. Speaking on 10th August, Mitchnick addressed the performance of BlackRock’s iShares Bitcoin Trust (IBIT), the firm’s spot Bitcoin exchange-traded fund, which launched in the United States in January 2024 and remains the largest Bitcoin ETF to date. The fund holds net assets amounting to 48.51 billion United States dollars as of 7th August, according to SoSoValue.
Despite Bitcoin having declined by over twenty-five per cent since the start of the year, prices have stabilised over the past month. Mitchnick observed, “We have seen sentiment turn in a noticeable but subtle way the last month or so,” a remark supported by IBIT’s latest asset flows. The ETF reached its all-time high of 71.82 United States dollars on 6th October last year, coinciding with Bitcoin’s own record of 126,080 United States dollars. Both the fund and the cryptocurrency faced significant pressure following a sharp market downturn on 10th October and have since struggled to regain those peaks.
IBIT experienced a range of inflows and outflows over recent quarters, including a net inflow of 3.93 billion United States dollars in October 2025, followed by substantial outflows in the subsequent months. More recently, after fluctuating flows in the first half of 2026, the ETF registered net inflows of 227.63 million United States dollars in July and a further 693.64 million United States dollars in August.
Mitchnick identified a positive shift in these recent figures, emphasising that Bitcoin’s correlation with equities diminished earlier this year. He commented that this decoupling initially disadvantaged Bitcoin, as equity markets—particularly those linked to artificial intelligence—outperformed.