BlackRock has released its financial results for the first quarter of 2025, revealing that it successfully raised $3 billion in digital assets. This amount accounts for 2.8% of the total inflows into the iShares spot Bitcoin ETF.
This is reported by Business • Media
Overall, BlackRock recorded net inflows of $84 billion in Q1, which represents an annual growth of 3%. Despite a 70% decline compared to Q4 2024 ($281 billion), the company demonstrates stable growth in core revenues — up 6% quarter-over-quarter. Similar results were observed in 2021.
Growth of BlackRock’s Digital Assets
Currently, digital assets make up only 0.5% of BlackRock’s total assets under management (AUM), yet their volume reached $50.3 billion as of March 31. It is important to note that in December 2024, the company set a record for digital AUM when the IBIT spot Bitcoin ETF attracted $50.59 billion.
Company’s Long-Term Strategy
Core fees from digital products amounted to $34 million, which is less than 1% of the company’s long-term revenues. This result is significant considering the capital outflows from the spot Bitcoin ETF sector that occurred earlier this year. Despite market volatility, investor interest in cryptocurrency ETFs remains steady.
“Our goal is to help clients focus on the long term while providing them with flexibility in short-term decisions” — Larry Fink, CEO of BlackRock.
As a reminder, BlackRock recently launched a Bitcoin ETP in Europe, which was implemented on the Xetra and Euronext exchanges.