[BlackRock Executive Says $2.34 Billion Outflow from IBIT ETF in November is a Normal Phenomenon] Cristiano Castro, BlackRock's Director of Business Development, stated that the $2.34 billion outflow from the IBIT ETF in November was due to prior demand driving the ETF's scale close to $100 billion. He noted that ETFs are flexible and powerful tools designed to help investors allocate capital and manage cash flow. Outflows are a common phenomenon following asset compression, especially for ETFs primarily targeted at retail investors.