[BlackRock: $2.34 Billion Outflow from IBIT This Month is a Normal Adjustment, Still Optimistic About Long-Term Growth of Spot ETFs] Odaily Planet Daily News – BlackRock's Bitcoin Spot ETF (IBIT) experienced a net outflow of $2.34 billion in November, with approximately $463 million and $523 million withdrawn on November 14 and 18, respectively, setting consecutive single-day records. In response, BlackRock's Director of Business Development, Cristiano Castro, stated that such fund flows are normal phenomena, and the company remains strongly confident in the long-term development of spot ETFs. Castro noted that Bitcoin spot ETFs are highly liquid instruments designed to help investors flexibly allocate capital, and it is common for funds to exit the market during price corrections, especially in products with high retail participation. The outflows over the past month were primarily driven by short-term fluctuations following previously strong demand. With Bitcoin surpassing $90,000 again this Thursday, IBIT investors currently hold an overall unrealized profit of approximately $3.2 billion, fully recovering losses from prior corrections. (Cointelegraph)