Driven by Bitcoin ETF, BlackRock's assets under management reach a historic high

BlackRock reached a historic high in assets under management just six months after launching its Bitcoin spot ETF. According to BlackRock's second-quarter financial report released on Monday, as of June 30, the assets managed by BlackRock reached $10.65 trillion, an increase of 13% year-on-year. Larry Fink, CEO of BlackRock, stated in a declaration that organic growth was driven by surges in private markets, retail fixed income and funds flowing into ETFs. The total net inflow of funds for BlackRock in the second quarter reached $82 billion, with a net inflow reaching $139 billion for the first half of this year. Since launching IBIT earlier this year, Blackrock has become the world's largest Bitcoin spot ETF. IBIT currently holds 316,276 Bitcoins worth about $18.3 billion.