BlackRock’s digital asset products ended September with $79.6 billion in assets, up 63% from $48.8 billion at the end of June, per the firm’s third-quarter earnings release. They held $103.97 billion a year earlier, so the quarter reversed a two-quarter slide without recovering the September 2025 level.

Where the $30.8 Billion Came From

Digital assets opened the third quarter at $48.8 billion, took $7.9 billion of net inflows, gained $22.9 billion from market moves and closed at $79.6 billion on September 30, according to the release’s quarter-on-quarter AUM table. Average assets for the quarter were $63.6 billion, against the $79.6 billion close.

The nine-month table shows $5.7 billion of net inflows through September. Strip out the third…