Asset management giant BlackRock has had one of the strongest starts to a year in its history. According to its first-quarter (Q1) 2026 financial report, BlackRock's crypto exchange-traded funds (ETFs) attracted net inflows of $935 million. This brings the total inflows into its crypto products to $32 billion over the past year. BlackRock CEO Larry Fink stated that this achievement marks a remarkable growth momentum for the company. Currently, BlackRock dominates over 50% of the global Bitcoin ETF market share, managing approximately 890,000 BTC out of a total of 1.6 million BTC held across all ETF instruments. This position far outpaces its closest competitor, Fidelity, which only holds a market share of around 12%. Despite its strong dominance, crypto base fee revenue only accounted for about $42 million of the company's total revenue of $6.7 billion this quarter. However, BlackRock remains aggressively expanding, including plans to launch a second Bitcoin ETF offering monthly returns through a call options strategy. This move comes amid heightened competition after Morgan Stanley became the first Wall Street bank to launch its own Bitcoin ETF earlier this month.

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