IBIT saw a net outflow of over $2.3 billion in November, BlackRock: This is quite normal.

BlackRock ('s Bitcoin Spot ETF IBIT encountered significant capital outflow pressure in November, with a net outflow exceeding 2.3 billion dollars for the month. However, company executives stated that the ETF's liquidity has always been high, which is quite normal. They also mentioned that demand has been strong this year, with IBIT's asset size almost reaching 100 billion dollars when market demand peaked.

In November, a large amount of funds were withdrawn, BlackRock: quite normal.

IBIT had a net outflow of approximately 2.34 billion USD in November, with the two largest fund withdrawals occurring in mid-November, namely a withdrawal of about 463 million USD on 11/14 and a withdrawal of about 523 million USD on 11/18.

The image shows data from the SoSoValue website.

Cristiano Castro, the Business Development Director at BlackRock, stated during a public event that Bitcoin ETF has become one of the company's important revenue sources, and the growth rate this year has surprised the company.

He emphasized during the interview after the meeting that the ETF itself is a tool with very high liquidity, existing for the purpose of allowing investors to allocate funds and manage cash flow, and the current situation is actually quite normal. Any asset may experience this kind of situation when its price is compressed, especially products that are highly participated in by retail investors.

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The scale of IBIT once approached 100 billion USD, with strong market demand driving capital inflow.

Castro added that the combined asset scale of IBIT in the United States and Brazil will reach nearly 100 billion dollars when market demand peaks. He also pointed out that after the recent Bitcoin price returned to over 90,000 dollars, it is a return to profitability for IBIT investors.

According to reports, IBIT investors have currently accumulated profits of about 3.2 billion USD, successfully reversing the losses that occurred during the recent pullback of Bitcoin. The overall profits of IBIT and BlackRock's Ethereum ETF investors approached 40 billion USD in early October. However, last week, as the market declined, profits significantly contracted to only 630 million USD.

Bitcoin and Ethereum ETF funds turned positive, ending four consecutive weeks of net outflows.

Bitcoin and Ethereum ETFs have finally turned into net inflows after four consecutive weeks of capital outflow. The Bitcoin spot ETF welcomed a weekly net inflow of about 70 million USD. The Ethereum spot ETF also rebounded, with a weekly net inflow of approximately 312.6 million USD.

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This article IBIT had a net outflow of over 2.3 billion dollars in November, BlackRock: This is quite normal. First appeared in Chain News ABMedia.