Fun

BlackRock surpasses $10.6T record AUM boosted by ETF inflows

News Feed - 2024-07-15 10:07:43

Zoltan Vardai10 hours agoBlackRock surpasses $10.6T record AUM boosted by ETF inflowsThe asset manager saw record ETF inflows at the beginning of the year, helping it surpass the $10 trillion mark.3082 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksBlackRock has reached a record of over $10.6 trillion worth of assets under management (AUM), securing a $1.2 trillion year-over-year growth.


The world’s largest asset manager said that surpassing the $10 trillion mark was partly attributed to the growing inflows into exchange-traded funds (ETFs).


According to Larry Fink, CEO of BlackRock, the firm’s ETFs received record inflows at the beginning of 2024.


Fink wrote in the asset manager’s quarterly earnings report:“Organic growth was driven by private markets, retail active fixed income, and surging flows into our ETFs, which had their best start to a year on record.”


BlackRock is the issuer of the world’s largest spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), which holds over $19.4 billion worth of Bitcoin (BTC) and has a leading 35.2% market share among all US Bitcoin ETFs, according to Dune.


Due to their substantial purchasing power, the buying and selling behaviors of asset management giants and ETF issuers such as BlackRock can significantly influence Bitcoin’s price. 


Related:Bitcoin bottom signal? German gov’t runs out of BTC to sellETF inflows boost BlackRock’s AUM 


Investors bought $83 billion worth of BlackRock ETF shares during the second quarter of 2024, pushing this year’s total to over $150 billion year-to-date.


The asset manager recorded an 8% revenue increase year-over-year and an 11% increase in operating income.


Fink attributes part of BlackRock’s growth to its “longstanding relationships with corporates and governments.”


Fink wrote:“These relationships differentiate BlackRock as a capital partner in private markets, driving unique deal flow for clients. We have strong sourcing capabilities, and we are transforming our private markets platform to bring even more benefits of scale and technology to our clients.”


Related:Crypto holders predicted to triple by 2026, says Lunu CEOBitcoin ETF inflows turn positive


Meanwhile, spot Bitcoin ETF inflows have turned positive after three consecutive weeks of outflows, helping Bitcoin’s price recover above the $60,000 mark. 


The US spot Bitcoin ETFs recorded their second consecutive week of net positive inflows, totaling over $414 million, according to Dune data.Bitcoin ETF inflows, weekly. Source: Dune


BlackRock saw the largest inflows among all ETF issuers on July 12, amassing over $120 million worth of investment, according to Farside Investors data.Bitcoin ETF flow table, millions, Source: Farside Investors


Last week, Bitcoin experienced its fifth-largest weekly inflow on record, amounting to over $1.35 billion, while short Bitcoin-related investment products experienced their largest weekly outflows since April 2024, totaling over $8.6 million.


Magazine:Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer, X Hall of Flame# Bitcoin# Cryptocurrencies# Business# Bitcoin Price# Adoption# Bitcoin ETF# BlackRockAdd reaction

News Feed

Amaka Nwaokocha2 hours agoRipple Labs to revolutionize real estate industry through tokenizationAn innovative pilot program aims to enable users to tokenize real estate assets and utilize them as collateral for loans, le
Polkadot (DOT) Prints Classic Bullish Falling Wedge – Big Breakout Imminent
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin trading volume recorded post-halving ATH as crypto market bled
Arijit Sarkar1 hour agoBitcoin trading volume recorded post-halving ATH as crypto market bledBitcoin trading volumes reached unprecedented levels amid the market turmoil, while crypto hackers capitalized on discounted Et
Coinbase faces new lawsuit over alleged investor deception
Amaka Nwaokocha14 hours agoCoinbase faces new lawsuit over alleged investor deceptionThe lawsuit claims that Solana, Polygon, Near, Decentraland, Algorand, Uniswap, Tezos and Stellar Lumens tokens are securities.6781 Tot
Rakesh Upadhyay6 hours agoPrice analysis 11/24: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAXBitcoin has risen above $38,000, clearing the path for a rally higher. Will altcoins follow?2358 Total views5 Total share
Decentralised Socialfi Platform Boom Live on App Store, Unveiling Two NFT Airdrops
Decentralised Socialfi Platform Boom Live on App Store, Unveiling Two NFT Airdrops sponsored Decentralised socialfi platform Boom has announced the launch of its application on theA
Turner Wright4 hours agoProposed gag order in SBF’s criminal case under review, citing attempt to ‘influence public opinion’The proposal followed a complaint filed by U.S. authorities alleging Sam Bankman-Fried had
Arijit Sarkar1 hour agoBinance scouts art for Pierre Gasly’s F1 helmet at Abu Dhabi GPBinance announced a helmet design competition to shortlist the winning art, which will be used as the helmet artwork of Gasly, who w
Swiss SIX Exchange Lists Tezos ETP With Staking Rewards
New financial products are coming to tezos (XTZ), one of a handful major proof-of-stake (PoS) blockchains up and running today. On Thursday, crypto startup Amun AG launched the Amun
Zhiyuan Sun7 hours agoMedian Web3 developer salary stands at $128K in 2023In a recent Pantera survey, less than 2% of respondents said they worked full time in an office setting, with the rest working at least partially
Jesse Coghlan7 hours agoCoinbase signals EU, Canada, Brazil, Singapore and Australia as prioritiesThe crypto exchange’s focus on non-U.S. markets is part of the next phase in its expansion plans.1845 Total views35 Tota
Artists sue SEC over confusing security status of NFTs
Brayden Lindrea37 minutes agoArtists sue SEC over confusing security status of NFTsAttorneys representing the artists drew parallels to Taylor Swift concert tickets, which are often sold on the secondary market.115 Total