BlackRock's crypto ETF assets surge 63% but remain far below 2025 peak
BlackRock reported a 63% increase in digital assets under management, reaching $79.6 billion by the end of September. The growth was primarily driven by a market recovery in crypto prices rather than new investor inflows.
Why it matters
As the world's largest asset manager, BlackRock's performance in crypto reflects broader institutional adoption and the sensitivity of digital asset funds to market volatility.
The asset manager reported $79.6 billion in digital assets under management at the end of September, a 63% jump from $48.8 billion at the end of June, according to its third-quarter earnings report released Wednesday.
Investors added $7.9 billion to BlackRock's digital asset products during the quarter, more than making up for the roughly $2.2 billion they withdrew during the first six months of 2026.
The reversal came as crypto markets recovered from a slump earlier this year. Bitcoin BTC $83,212.45 and other cryptocurrencies had faced pressure during the first half of the year, weighing on the value of funds that hold them. The third-quarter recovery gave those funds a lift, while renewed investor demand added to their assets.
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