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2 clusters · 3 sources · 14 days · First seen · Last updated

BlackRock financial performance and market activities

Overview

BlackRock reported record assets under management (AUM) of $15.5 trillion, marking a 15% year-over-year increase. This growth was driven by $205 billion in net client inflows during the third quarter, with $135 billion attributed to iShares exchange-traded funds. CEO Larry Fink attributed global capital shortages to large government deficits and increased demand for private capital to fund infrastructure and artificial intelligence development.

Following these reports, BlackRock signaled increased confidence in the cryptocurrency market through a $151.46 million purchase of Bitcoin, contributing to significant net inflows for its Bitcoin ETF. This activity occurred as Bitcoin reclaimed local highs near $81,000.

Entities

BlackRock · HPS Investment Partners · iShares · Larry Fink · Alex Thorn

Timeline

  1. [BUSINESS] 3 sources
    BlackRock and Galaxy Asset Management signal bullish Bitcoin outlook

    BlackRock has invested over $151 million in Bitcoin, while Galaxy Asset Management suggests the cryptocurrency has reached a bottom after reclaiming its 50-week moving average.

  2. [BUSINESS] 5 sources
    BlackRock reports record $15.5 trillion in assets under management

    BlackRock's assets under management reached a record $15.5 trillion in Q3, driven by $205 billion in net inflows and strong demand for ETFs and private markets.

Sources

coin-turk.com · rande-academy.cz · u.today