BlackRock's digital asset assets under management (AUM) have decreased to $48.8 billion, down from $79.6 billion a year ago, marking a 39% decline. Despite recording $15.1 billion in net inflows, the firm faced $45.8 billion in market depreciation. Additionally, BlackRock experienced $3.1 billion in net outflows during the second quarter.
In contrast, BlackRock's overall AUM reached a record $15.3 trillion. The company aims to boost its crypto business revenue to $500 million annually by 2030, up from the current $40 million. BlackRock plans to expand its offerings, including spot Bitcoin and Ethereum ETFs, and develop its role as a stablecoin reserve and digital wallet asset manager.
BlackRock's Digital Asset AUM Falls to $48.8 Billion Amid Market Decline
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