As reported by Coinrise, BlackRock’s US-listed spot Bitcoin ETF, IBIT, recorded $2.34 billion in net outflows during November, with major withdrawals on November 14 and 18. Despite the outflows, BlackRock remains confident in the long-term potential of its crypto ETFs, which have become a major revenue driver. The firm noted that such volatility is common in liquid investment products and highlighted the recent recovery in investor sentiment as Bitcoin and Ethereum ETFs saw inflows in late November.
BlackRock’s IBIT Sees $2.34B Withdrawals in November
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