IBIT Now BlackRock’s Highest-Grossing Product Despite $2.3B in November Outflows

BlackRock’s spot Bitcoin ETF closed November with heavy redemptions but remains one of the firm’s top revenue products, according to BlackRock executive Cristiano Castro. The US-listed iShares Bitcoin Trust (IBIT) saw an estimated US$2.34 billion (AU$3.58 billion) in net outflows during November. The largest daily withdrawals hit mid-month…