BlackRock Records $15 Trillion Quarter as Crypto Arm Slumps

BlackRock's record-breaking quarter saw its assets under management (AUM) reach $15.34 trillion, but its crypto arm failed to keep pace.

The firm's digital asset holdings fell nearly 20% over the past three months to $48.8 billion, while ETFs, fixed income, and private markets attracted new money.

BlackRock's revenue rose 31% year-over-year to $7.08 billion, with adjusted earnings per share (EPS) of $13.91 topping analyst estimates.