BlackRock’s CEO Says Crypto Will Grow ‘Rapidly’ — Here’s How
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BlackRock Inc. (NYSE:BLK) reported strong third-quarter results on Tuesday, with CEO Larry Fink saying the cryptocurrency market will grow “rapidly” as the firm builds proprietary tokenization technology to move traditional assets on-chain.
BlackRock reported diluted EPS of $8.43, or $11.55 on an adjusted basis, with assets under management climbing to $13.5 trillion, up 17% year-over-year.
Net inflows reached $205 billion, supported by record demand for iShares ETFs, private market products, and digital asset exposure.
Revenue increased 25% to $6.5 billion, while GAAP earnings declined 23% due to acquisition-related…
