BlackRock's US-listed spot Bitcoin ETF, IBIT, experienced significant net outflows totaling $2.34 billion in November, with notable withdrawals occurring on November 14 and 18. Despite these outflows, BlackRock maintains confidence in the long-term potential of its crypto ETFs, citing them as a major revenue driver. The firm emphasized that volatility is typical in liquid investment products and pointed to a recovery in investor sentiment, as Bitcoin and Ethereum ETFs saw inflows towards the end of the month.