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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.

By Jamie Crawley|Edited by Sheldon Reback

Updated Jul 15, 2024, 10:42 a.m. Published Jul 15, 2024, 10:39 a.m.

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.

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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.

BlackRock Earnings