BlackRock's Assets Under Management Surpass $10 Trillion, Bitcoin Holdings Grow

BlackRock's Assets Under Management Surpass $10 Trillion, Bitcoin Holdings Grow

BlackRock, the world's largest asset manager, has surpassed $10 trillion in assets under management (AUM) in the second quarter, according to Coindesk. This represents a 13% year-over-year growth, with the AUM reaching $10.06 trillion in Q2. The company's impressive performance is attributed to strong inflows across its various asset classes, including equities, fixed income, and alternatives. BlackRock's diluted earnings per share (EPS) also increased from $9.06 to $9.99 during the quarter, while its revenue grew by 7.7% year-over-year to $4.8 billion. Notably, BlackRock continues to expand its presence in the cryptocurrency market through its Bitcoin spot exchange-traded fund (ETF), iShares. As of August 12, BlackRock holds approximately 316,276 BTC through iShares, making it the largest holder of Bitcoin among publicly traded companies. This amounts to roughly $18.32 billion, further demonstrating BlackRock's growing involvement in the digital asset space. BlackRock's continued growth and its embrace of digital assets signal the increasing mainstream adoption of cryptocurrencies. As the world's largest asset manager, BlackRock's actions hold significant sway in the financial markets and can influence the broader perception of cryptocurrencies. ```