BlackRock Sees Record ETF Inflows Fueled by Crypto Surge

BlackRock’s iShares ETFs played a crucial role in driving the firm’s strong earnings and revenue this quarter, highlighting continued investor interest in crypto-related products. The influx of capital into these platforms, totaling $205 billion in net inflows during the third quarter, fueled organic base fee growth by 10% and 8% over the past year. This surge is attributed to the expansion of digital asset ETFs, particularly those focused on Bitcoin and Ethereum.