BlackRock sees record quarter for iShares ETFs as Bitcoin, Ether demand surges
Record inflows to BlackRock’s crypto ETFs cement the asset manager’s dominance as institutional investors pour billions into Bitcoin and Ethereum exposure.
BlackRock’s iShares exchange-traded funds (ETFs) helped power the asset manager to a strong quarter of earnings and revenue, underscoring the continued momentum behind its crypto-related products as institutional demand accelerates.
The iShares platform, which includes more than 1,400 ETFs globally, attracted a record $205 billion in total net inflows in the third quarter, according to the company’s quarterly financial statement. Those inflows fueled a 10% increase in organic base fee growth during the quarter and 8% growth over the past 12 months, Chairman and CEO Larry Fink said in a statement.
Fink reiterated that BlackRock is “always preparing for the future,” highlighting ongoing offerings in emerging sectors such as technology, data analytics and digital assets.