BlackRock Bitcoin ETF Experiences Significant Outflows in November

According to Odaily, BlackRock's Bitcoin Spot ETF (IBIT) saw a net outflow of $2.34 billion in November, with record single-day outflows of approximately $463 million and $523 million on November 14 and 18, respectively. Cristiano Castro, BlackRock's Director of Business Development, stated that such fund movements are normal and the company remains confident in the long-term growth of spot ETFs. Castro explained that Bitcoin spot ETFs are highly liquid tools designed to help investors manage capital flexibly. It is common to see fund withdrawals during price corrections, especially in products with high retail participation. The outflows over the past month were primarily due to short-term fluctuations driven by previously strong demand. As Bitcoin surpassed $90,000 this Thursday, IBIT investors have seen an overall profit of approximately $3.2 billion, fully recovering from previous losses.