BlackRock’s spot digital asset-focused funds generated net inflows for a fifth consecutive quarter, but the value of those assets tumbled by 9% as the price of Bitcoin and Ethereum slumped, the company said in its latest earnings release.
As of March 31, the world’s largest asset manager held $50.3 billion worth in ETF digital assets, about $5 billion less than in the previous quarter, according to the release.
Still, among asset managers, BlackRock remained the leader in inflows with the iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA) adding $2.7 billion and $548 million in inflows, respectively, during the quarter. The combined $3.1 billion represents about 3% of net flows into BlackRock’s products in Q1….
Apr 17 2025
