BlackRock executives: $2.34 billion outflow from IBIT ETFs in November is normal.
TL;DR
BlackRock executives say the $2.34 billion outflow from IBIT ETFs in November is normal, as ETFs are flexible tools for capital allocation and cash flow management, often seeing such movements with retail investors.
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PANews reported on November 30th, citing Cointelegraph, that Cristiano Castro, BlackRock's Director of Business Development, stated that the $2.34 billion outflow from IBIT in November was normal, as demand had once pushed the ETF's size close to $100 billion. "ETFs are very flexible and powerful tools. They exist to allow people to allocate capital and manage cash flow. What we're seeing now is perfectly normal; this usually happens when any asset starts to contract, especially in a tool like an ETF that is primarily controlled by retail investors."