BlackRock’s crypto assets fall 39% despite $15 billion of net inflows
BlackRock’s digital asset funds attracted $15 billion in net inflows over the past year, but falling crypto prices drove the value of those holdings sharply lower.
Make preferred on
Share this article
Summary
- BlackRock’s digital asset funds fell to $48.8 billion from $79.6 billion a year earlier despite $15.1 billion in net inflows.
- The decline was driven by $45.8 billion in market losses, which outweighed new investor money.
- Digital asset products also recorded $3.1 billion in net outflows during the second quarter, even as BlackRock posted record firmwide assets and beat Wall Street earnings estimates.
