Key Takeaways
- • BlackRock's digital asset holdings rose 63% to $79.6 billion at end-September 2026, up from $48.8 billion at end-June, according to its third-quarter earnings report.
- • Investors added $7.9 billion to BlackRock's digital asset products in Q3, more than offsetting roughly $2.2 billion of outflows in the first half of 2026.
- • Rising crypto prices contributed $22.9 billion of the $30.8 billion AUM increase, meaning market gains drove roughly three-quarters of the quarter's growth.
- • Holdings remain 23% below the nearly $104 billion managed a year earlier, as market declines erased $30.6 billion over the trailing twelve months despite $6.3 billion of net new investor money.
- • BlackRock earned $39 million in quarterly fees and securities lending revenue from its digital asset products; it did not disclose separate figures for the iShares Bitcoin Trust (IBIT).
Summary
BlackRock's digital asset holdings rose 63% to $79.6 billion at the end of September, according to the asset manager's third-quarter earnings report, up from $48.8 billion at the end of June. The rebound reflected both renewed investor demand and a recovery in crypto prices after a weak first half of 2026. Investors contributed $7.9 billion to the firm's digital asset products during the quarter, more than making up for roughly $2.2 billion in withdrawals during the first six months of the year.
Market performance was the larger driver of growth. Of the $30.8 billion increase in assets under management during the quarter, $22.9 billion came from rising crypto prices, per the earnings figures. Bitcoin and other cryptocurrencies had faced sustained pressure earlier in the year, weighing on the value of funds that hold them.
Despite the quarterly recovery, BlackRock's crypto holdings remain 23% below the nearly $104 billion it managed a year earlier. Over the trailing twelve months, the firm's digital asset funds attracted $6.3 billion in net new money, but declines in the market value of underlying assets erased $30.6 billion over the same period. The figures underscore how closely the business's asset base tracks crypto prices, even as investors continue to add capital.
BlackRock, which operates the iShares Bitcoin Trust (IBIT), earned $39 million in quarterly fees and securities lending revenue from its digital asset products. The firm did not provide separate asset or flow figures for its bitcoin fund in the earnings release, limiting visibility into IBIT's individual contribution to the totals.
Market performance was the larger driver of growth. Of the $30.8 billion increase in assets under management during the quarter, $22.9 billion came from rising crypto prices, per the earnings figures. Bitcoin and other cryptocurrencies had faced sustained pressure earlier in the year, weighing on the value of funds that hold them.
Despite the quarterly recovery, BlackRock's crypto holdings remain 23% below the nearly $104 billion it managed a year earlier. Over the trailing twelve months, the firm's digital asset funds attracted $6.3 billion in net new money, but declines in the market value of underlying assets erased $30.6 billion over the same period. The figures underscore how closely the business's asset base tracks crypto prices, even as investors continue to add capital.
BlackRock, which operates the iShares Bitcoin Trust (IBIT), earned $39 million in quarterly fees and securities lending revenue from its digital asset products. The firm did not provide separate asset or flow figures for its bitcoin fund in the earnings release, limiting visibility into IBIT's individual contribution to the totals.
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