BlackRock’s Crypto ETFs Power Record Earnings & Highlight Institutional Demand

Blackrock’s performance in Q3 was bolstered by a surge in investments from institutional investors in crypto-related exchange-traded funds (ETFs). Cointelegraph reports that Blackrock’s iShares platform, which boasts over 1,400 ETFs globally, saw $205 billion in net inflows during the third quarter. This strong influx resulted in a 10% organic base fee growth and an 8% increase year-over-year, according to CEO Larry Fink. The company’s digital asset ETFs saw a remarkable $17 billion in net inflows during Q3, bringing the year-to-date total to $34 billion.