BlackRock Assets Under Management Rise Through $10T
The asset manager is the largest public holder of bitcoin by virtue of its iShares Bitcoin Trust exchange-traded fund, which now holds more than 300,000 BTC.
Updated Jul 15, 2024, 10:42 a.m. Published Jul 15, 2024, 10:39 a.m.
The world's largest asset manager, BlackRock (BLK), said assets under management (AUM) climbed through $10 trillion in the second quarter.
AUM rose almost 13% from the year-earlier period to $10.6 trillion, while earnings per share (EPS) rose to $9.99 from $9.06, the company said in a statement. Revenue increased 7.7% to $4.8 billion.
BlackRock is the largest public holder of bitcoin by virtue of its iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF), which now holds more than 300,000 BTC
BLK shares rose 1.2% to $838 in pre-market trading.
Read More: BlackRock's BUIDL Fund Tops $500M as Tokenized Treasury Market Soars
Jamie Crawley
Jamie joined CoinDesk as a news reporter in February 2021 after writing widely about crypto and blockchain for two years in other roles. Away from crypto, Jamie runs a lot and loves all things sport. He holds small amounts of BTC, ETH, ADA and LTC.
