$10 Trillion AUM Surpassed by World's Largest Asset Manager BlackRock for the First time! 😲

BlackRock Assets Surpass $10 Trillion

BlackRock, the world’s largest asset manager, announced a milestone achievement this year as its assets under management (AUM) exceeded $10 trillion for the first time, surpassing expectations in the second quarter.

According to reports, BlackRock’s AUM increased by 13% compared to the same period last year, reaching a record $10.6 trillion. Despite missing expectations for net inflows, the firm reported a significant rise in earnings per share (EPS) and revenue.

BlackRock’s AUM stands at a record $10.6 trillion
Net inflows of $82 billion in the second quarter
Rise in earnings per share (EPS) to $9.99
7.7% increase in revenue reaching $4.8 billion
Net income rose to $1.5 billion

BlackRock’s Bitcoin Holdings and ETF Inflows

BlackRock isn’t just a traditional asset manager, but also holds the title of being the largest public holder of bitcoin through its iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF), which currently holds over 300,000 BTC valued at more than $18 billion.

The company’s ETF inflows were boosted by investor interest in IBIT while the price of bitcoin experienced fluctuations.

BlackRock holds over 300,000 BTC through IBIT
ETF inflows driven by investor interest in IBIT
Bitcoin price movement affects ETF inflows

Bitcoin Price and Political Speculation

Bitcoin’s price has experienced significant movements this year, with a notable surge of over 48% year-to-date, currently standing at $62,700. The price surge was attributed to various factors, including political events and speculation.