All articles tagged with #aum
BlackRock’s IBIT Bitcoin ETF became the fastest to surpass $70 billion in assets, reaching this milestone in just 341 days, making it the largest institutional Bitcoin holder with over 661,000 BTC. The ETF's rapid growth reflects strong market confidence and increasing institutional adoption, with notable investments and institutional interest, positioning it as a dominant player in the crypto investment space.
BlackRock's assets hit a record $10.5 trillion in the first quarter, with a 36% jump in profit driven by rising global equity markets. The company's AUM surged 15% from a year earlier, and investment advisory and administration fees climbed nearly 8.8% to $3.63 billion. BlackRock's CEO sees significant opportunities in areas such as artificial intelligence, emerging markets, and infrastructure, and the company is set to acquire Global Infrastructure Partners for $12.5 billion. Despite total net inflows falling to $57 billion, the company remains optimistic about future growth and is open to pursuing more private market opportunities.
Bitcoin ETFs have surged in popularity, with newly launched spot Bitcoin exchange-traded funds now comprising four of the 11 largest spot commodity ETFs, led by BlackRock's IBIT with over $10 billion in assets under management. Despite a strong week for spot Bitcoin ETFs, there were combined outflows on Feb. 29, with the Grayscale Bitcoin Fund ETF experiencing significant outflows. The surge in ETF activity has contributed to substantial gains for leading cryptocurrencies, with both Bitcoin and Ethereum reaching new year-to-date highs. However, market volatility has led to a high number of liquidated positions, and there is uncertainty surrounding the potential approval of spot Ether ETFs by the U.S. Securities and Exchange Commission.