BlackRock exec says ‘perfectly normal’ as IBIT sees $2.3B outflows in Nov - Source: CoinTelegraph

BlackRock’s spot Bitcoin exchange-traded fund (ETF) closed November under pressure after experiencing heavy withdrawals, but the asset manager remains confident in its long-term outlook for the product.

Speaking in São Paulo, BlackRock business development director Cristiano Castro said the company’s Bitcoin ETFs had become one of its biggest revenue drivers, calling their growth “a big surprise” given how fast allocations surged this year.

Story continues: https://cointelegraph.com/news/blackrock-ibit-november-outflows-perfectly-normal-castro