BlackRock's digital asset funds attracted $7.9 billion in inflows during the third quarter, reversing approximately $2.2 billion in outflows recorded in the first half of the year. Total digital assets under management reached $79.6 billion at the end of September, marking a 63% increase from $48.8 billion at the end of June.
Of the $30.8 billion quarterly growth, $22.9 billion was attributed to rising cryptocurrency prices. Despite the significant rebound in Q3, BlackRock's digital asset holdings remain 23% lower than levels reported one year ago.
BlackRock Digital Assets Surge 63% to $79.6 Billion in Q3
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