“BlackRock’s iShares Bitcoin Trust Leads with 300,000 BTC; AUM Hits Trillion Milestone in Q2”
“Asset manager iShares Bitcoin Trust is the largest public holder of Bitcoin based on an exchange-traded fund, now holding over 300,000 BTC.
The world’s largest asset manager, BlackRock (BLK), stated that assets under management (AUM) rose to over trillion in the second quarter.
The company released a statement stating that earnings per share (EPS) climbed from.06 to.99 and that assets under management (AUM) increased by almost 13% compared to the same period last year to reach.6 trillion. Revenue reached.8 billion, a 7.7% rise.
BlackRock is the largest public holder of Bitcoin based on its iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF), now holding over 300,000 BTC.
In pre-market trading, BLK shares rose by 1.2% to 8.
July 15 (Reuters) – Managed by BlackRock (BLK.N), assets opened a new tab, reaching a record .65 trillion in the second quarter, credited to client asset value growth and investor money flowing into the company’s ETFs, said the world’s largest asset manager on Monday.Pre-market trading saw a 1.2% increase in the company’s shares.
Amid increasing hopes for a soft landing of the U.S. economy and investor frenzy surrounding stocks tied to artificial intelligence, stock markets have reached record highs in recent months. The S&P 500 benchmark (.SPX), as reported by the Open New Tab Index, soared nearly 4% in the quarter, boosting BlackRock’s assets under management to .65 trillion, up from .43 trillion a year ago and .5 trillion in the first quarter.
The majority of the company’s revenue is derived from fees received from the asset and service management of its clients. BlackRock recorded a net cash flow of .57 billion in the quarter, slightly higher than .16 billion a year ago. Exchange-traded funds captured the majority of flows at billion, marking their best-ever start on record, BlackRock said.
Larry Fink, our CEO, emphasised, “BlackRock is seizing on the most expansive array of opportunities in current reminiscence, specifically inside non-public markets.” The organization’s recent pass to collect records company Prequin for approximately billion underscores its pressure to solidify its role as a first-rate player in non-public markets. This strategic acquisition follows BlackRock’s in advance .Five billion investment in Global Infrastructure Partners earlier this 12 months, marking a formidable bet on unconventional property that positions the enterprise at the leading edge of giant infrastructure tasks global.
Senior fairness studies analyst Edward Jones Kyle Sanders said in a notice, “Spending less on low-cost iShares ETFs will help improve BlackRock’s talents in private markets and position the organization to advantage from long-term growth possibilities inside non-public belongings over the following decade.” Investment advisory and administration costs, typically a percentage of AUM, elevated with the aid of eight.6% to .Seventy two billion.”
Reuters : https://www.reuters.com/