BlackRock's head of digital assets, Robert Mitchnick, said investor sentiment toward Bitcoin has shifted over the past month and predicted the token could climb sharply as its decoupling from equities strengthens its case as both a portfolio diversifier and a hedge against tail risks. His comments came as U.S. spot Bitcoin ETFs recorded more than $850 million in net inflows over five trading sessions last week, their strongest weekly performance since mid-April, signaling renewed institutional demand for regulated Bitcoin exposure. BlackRock's IBIT has grown to about 750,000 BTC with assets valued at nearly $50 billion.