According to CoinMeta, and as reported by an early issuer of in, BlackRock's head of digital assets, Robert Mitchnick, stated that the correlation between Bitcoin and the U.S. stock market is weakening. During the correction in the AI sector in July, Bitcoin outperformed. Despite the volatility in Bitcoin prices, last week, U.S. spot Bitcoin ETF saw $853.5 million in inflows, of which BlackRock IBIT contributed $693.7 million, and Fidelity FBTC contributed $116.4 million.