BlackRock’s crypto ETF assets rise 63% to $79.6 billion in Q3
BlackRock reported that its digital‑asset funds held $79.6 billion at the end of September, a 63% increase from the $48.8 billion recorded at the end of June. The growth came from $7.9 billion of net inflows and $22.9 billion of market gains. Despite the rebound, the portfolio is still 23% lower than the roughly $104 billion managed a year earlier. The firm earned $39 million in fees from its crypto products during the quarter.
Why it matters
The higher AUM and fee revenue improve BlackRock’s earnings outlook for its digital‑asset business, but the still‑significant gap to last‑year levels signals continued exposure to crypto price volatility.
Key facts
- 1Digital‑asset AUM reached $79.6 billion at the end of September, up 63% from $48.8 billion at the end of June. coindesk.com
- 2Net inflows into BlackRock’s crypto funds totaled $7.9 billion in the quarter. coindesk.com
- 3Market gains contributed $22.9 billion to the $30.8 billion increase in assets during the quarter. coindesk.com
- 4AUM remains 23% below the $104 billion level a year earlier. coindesk.com
- 5BlackRock earned $39 million in fees from its digital‑asset products in Q3. coindesk.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.