PANews, October 14: According to CoinDesk, BlackRock’s third-quarter earnings report revealed that its digital assets fund attracted $7.9 billion in inflows during the quarter, reversing a net outflow of approximately $2.2 billion in the first half of the year. As of the end of September, the total assets under management in digital assets reached $79.6 billion, an increase of $30.8 billion, or 63%, compared to $48.8 billion at the end of June; $22.9 billion of this growth was attributable to rising cryptocurrency prices. Despite this rebound, BlackRock’s holdings in digital assets remain 23% lower than a year ago.
BlackRock Q3 Digital Assets AUM Reaches $79.6 Billion, Up 63% QoQ
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Summary
BlackRock's digital asset AUM reached $79.6 billion in Q3, up 63% from $48.8 billion in June. The firm reported $7.9 billion in inflows for the quarter, reversing earlier outflows. Of the $30.8 billion increase, $22.9 billion resulted from rising cryptocurrency market prices. AUM remains 23% below the prior year's level.
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