BlackRock has announced significant financial results for the first quarter of 2025.
BlackRock has announced significant financial results for the first quarter of 2025. The firm recorded total net inflows of $84 billion, a 3% annualized growth in assets under management, despite a sharp decline from $281 billion in the previous quarter.
Of particular interest, BlackRock reported $3 billion in inflows directed to digital asset products, accounting for 2.8% of the $107 billion in net inflows to its iShares exchange-traded funds (ETFs).
However, digital assets still represent a modest portion of the firm's overall business, contributing $34 million in base fees, which is less than 1% of BlackRock’s long-term revenue.
As of March 31, digital assets under management totaled $50.3 billion, constituting approximately 0.5% of BlackRock’s total assets. This figure comes amid a broader market context where other Bitcoin ETF issuers, such as Grayscale, reported significant outflows, totaling around $1.4 billion year-to-date as of April 4.
BlackRock CEO Larry Fink noted that the firm achieved 6% organic base fee growth, marking the best start to a year since 2021. He emphasized the importance of assisting clients in navigating market changes while maintaining focus on long-term growth opportunities.
Despite the overall decline in net inflows compared to the previous quarter, BlackRock's performance in digital assets suggests a steady interest in crypto-backed ETFs.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
