As per PANews, BlackRock's Director of Business Development, Cristiano Castro, stated that the 2.34 billion dollar outflow from the IBIT ETF in November is a normal occurrence. He noted that demand had previously driven the ETF's size close to 100 billion dollars. Castro explained that ETFs are flexible and powerful tools designed for capital allocation and cash flow management, and the current situation is typical, especially in ETFs largely controlled by retail investors.
BlackRock Executive: 2.34 Billion Dollar Outflow from IBIT ETF in November is Normal
KuCoinFlashShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.