BlackRock’s spot Bitcoin ETF, IBIT, had a November to forget-or at least, one they’d rather you forget-with a staggering $2.3 billion fleeing like rats from a sinking crypto ship. 🚢💸 But, naturally, BlackRock insists this is all perfectly normal, like accidentally liking your ex’s Instagram post from 2014.
Speaking in São Paulo (because finance bros love a tropical backdrop), BlackRock’s Cristiano Castro casually dropped that their Bitcoin ETFs are now one of their biggest cash cows 🐮💰-which, frankly, is hilarious given how much money just walked out the door. “A big surprise,” he called it. Yeah, Cristiano, surprise doesn’t even cover it. More like, “Wait, where did all the money go?!” 🤷♂️
The bleeding was real-$523 million vanished on Nov. 18, $463 million on Nov. 14-because apparently, even ETFs have commitment issues. But Castro, ever the optimist, shrugged it off: “ETFs are very liquid and powerful instruments,” he said, as if describing a superhero. “People allocate capital, manage cash flow… totally normal!” Sure, Cristiano. Just like it’s “normal” to cry into your avocado toast when Bitcoin dips. 🥑😭
BlackRock’s Bitcoin ETFs: From $100B Dreams to “Please Hold” Reality
Castro reminisced about the good ol’ days when IBIT was flirting with $100 billion in assets-back when Bitcoin was up, investors were happy, and life made sense. Now? Well, let’s just say the vibe is more “desperate rebound” than “power couple.” 💔
But wait! There’s hope! Bitcoin clawed back above $90K, and suddenly, IBIT holders are sitting on a cool $3.2 billion in gains again. Because nothing says “financial stability” like a rollercoaster that makes you question all your life choices. 🎢
Bitcoin & Ether ETFs: The Comeback No One Saw Coming
Spot Bitcoin ETFs finally stopped hemorrhaging money (for one whole week, congrats 🎉), with a measly $70 million inflow-barely a Band-Aid on the $4.35 billion November exodus. Meanwhile, Ether ETFs scraped together $312.6 million after losing $1.74 billion. Baby steps, people. Baby steps. 👶
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2025-11-30 10:34