BlackRock’s Bitcoin ETF Loses Billions as Outflows Surge in November

BlackRock’s Bitcoin Spot ETF (IBIT) experienced significant withdrawals totaling $2.34 billion in November, with record-breaking outflows on the 14th and 18th of the month reaching $463 million and $523 million respectively. Despite these outflows, Cristiano Castro, BlackRock’s Director of Business Development, remains confident in the long-term growth prospects of Bitcoin spot ETFs.