{"id":133176,"date":"2024-07-15T17:15:27","date_gmt":"2024-07-15T14:15:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133176"},"modified":"2024-07-15T17:16:05","modified_gmt":"2024-07-15T14:16:05","slug":"blackrocks-aum-hits-new-high-boosted-by-etf-growth","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/blackrocks-aum-hits-new-high-boosted-by-etf-growth\/","title":{"rendered":"BlackRock’s AUM Hits New High, Boosted by ETF Growth"},"content":{"rendered":"
This growth of around $1.3 trillion in one year is largely driven by the soaring inflows into its ETFs.<\/p>\n
The iShares Bitcoin Trust (IBIT), BlackRock\u2019s largest spot Bitcoin ETF, holds more than $19.4 billion in Bitcoin<\/a><\/strong>, securing a 35.2% market share among US Bitcoin ETFs. The firm\u2019s significant market influence means its trading activities can considerably impact Bitcoin\u2019s price.<\/p>\n In the second quarter of 2024, investors poured $83 billion into BlackRock\u2019s 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.<\/p>\n Larry Fink, the company\u2019s CEO,\u00a0 attributes part of this success to BlackRock\u2019s strong corporate and governmental relationships, enhancing its capital partnership in private markets.<\/p>\n Bitcoin\u2019s 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<\/a><\/strong> 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.<\/p>\nRead More:<\/h5>\n \n
\n <\/span>\n <\/div>\n Billions of Dollars in Bitcoin Move to Crypto Exchanges – What Does it Mean?<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n