🚨 BlackRock says Bitcoin ETF investors aren't panicking. Even with many buyers underwater, ETF holders have continued behaving like long-term investors through the downturn. But something more important is happening. Bitcoin has started decoupling from equities. When AI stocks pulled back, BTC significantly outperformed. BlackRock sees that as healthy. Why? Because Bitcoin is starting to behave more like what institutions want it to be: A portfolio diversifier and a potential hedge against risks elsewhere in the market. The ETF holders aren't leaving. And the Bitcoin thesis may be getting stronger.(Leviathan)