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BlackRock Assets Under Management Rise Through $10T
The asset manager is the largest public holder of bitcoin by virtue of its iShares Bitcoin Trust exchange-traded fund, which now holds more than 300,000 BTC.
The world's largest asset manager, BlackRock (BLK), said assets under management (AUM) climbed through $10 trillion in the second quarter.
AUM rose almost 13% from the year-earlier period to $10.6 trillion, while earnings per share (EPS) rose to $9.99 from $9.06, the company said in a statement. Revenue increased 7.7% to $4.8 billion.
STORY CONTINUES BELOW
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BlackRock is the largest public holder of bitcoin by virtue of its iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF), which now holds more than 300,000 BTC
BLK shares rose 1.2% to $838 in pre-market trading.
Read More: BlackRock's BUIDL Fund Tops $500M as Tokenized Treasury Market Soars
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
