BlackRock’s AUM Hits New High, Boosted by ETF Growth

Financial titan BlackRock reached a significant milestone by managing over $10.6 trillion in assets.

This growth of around $1.3 trillion in one year is largely driven by the soaring inflows into its ETFs.

The iShares Bitcoin Trust (IBIT), BlackRock’s largest spot Bitcoin ETF, holds more than $19.4 billion in Bitcoin, securing a 35.2% market share among US Bitcoin ETFs. The firm’s significant market influence means its trading activities can considerably impact Bitcoin’s price.

In the second quarter of 2024, investors poured $83 billion into BlackRock’s ETFs, bringing the year-to-date total to over $150 billion. This influx resulted in an 8% revenue increase and an 11% rise in operating income year-over-year.

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Larry Fink, the company’s CEO,  attributes part of this success to BlackRock’s strong corporate and governmental relationships, enhancing its capital partnership in private markets.

Bitcoin’s price recently rose to almost $63,000 due to positive BTC ETF inflows, optimistic views on a potential rate cut by the Fed this year and the assassination attempt on Donald Trump. US spot Bitcoin ETFs have seen net positive inflows for two consecutive weeks, totaling over $414 million, with BlackRock leading the charge on July 12, attracting over $120 million in investments.

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Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.