BlackRock has released its financial results for the first quarter of 2025. According to the report, $3 billion was raised in digital assets, accounting for 2.8% of the total inflows into the iShares spot Bitcoin ETF.
This is reported by Finway
Overall, BlackRock recorded net inflows of $84 billion in Q1, representing an annual growth of 3%. This is 70% lower than in Q4 2024, when the company recorded $281 billion. However, the company shows a stable growth in core revenues of 6% quarter-over-quarter, similar to the results of 2021.
Although digital assets currently represent only 0.5% of the total assets under management by BlackRock, 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 the volume of digital assets under management when the IBIT spot Bitcoin ETF attracted $50.59 billion.
Core fees from digital products amounted to $34 million, which is less than 1% of the company’s long-term revenues. This result is particularly notable against the backdrop of capital outflows from the spot Bitcoin ETF sector that were observed earlier this year. Despite market volatility, investor interest in cryptocurrency ETFs remains steady.
“Our goal is to help clients focus on the long-term perspective and provide them with flexibility in short-term decisions,” said BlackRock CEO Larry Fink.
Additionally, BlackRock recently launched a Bitcoin ETP in Europe on the Xetra and Euronext exchanges.