[BlackRock Executive: $2.34 Billion Outflow from IBIT This Month is Normal, Confident in Long-Term Prospects of Spot ETF] According to a report by Jinse Finance, BlackRock's Bitcoin Spot ETF, IBIT, experienced a net outflow of $2.34 billion in November. On November 14, there was a net outflow of approximately $463 million, and on November 18, a net outflow of approximately $523 million, both setting new records for single-day outflows. Cristiano Castro, the company's Director of Business Development, stated that the $2.34 billion outflow is a normal phenomenon, and BlackRock remains confident in its long-term prospects. The Bitcoin Spot ETF has become one of BlackRock's most important sources of revenue, with its rapid growth being astonishing. The outflows in November were merely a result of previously high demand. Cristiano Castro told reporters: 'Spot ETFs are highly liquid and powerful tools designed to allow investors to flexibly allocate capital and manage cash flow. What we are seeing now is completely normal—any asset will experience such phenomena during a price correction, especially in a tool with a high proportion of retail investors.' As Bitcoin climbed back above $90,000 on Thursday, IBIT investors have accumulated unrealized gains of approximately $3.2 billion, successfully offsetting losses incurred during Bitcoin's previous correction.