Key Takeaways
- • BlackRock's digital asset products rose 63% in Q3, from $48.8 billion at end-June to $79.6 billion at end-September, according to the firm's third-quarter report.
- • Market gains drove $22.9 billion of the $30.8 billion increase, while net investor contributions added $7.9 billion.
- • Net inflows of $7.9 billion in Q3 reversed roughly $2.2 billion in outflows during the first half of 2026.
- • Assets remain 23% below the roughly $104 billion level of a year earlier, despite $6.3 billion in net inflows over the trailing 12 months.
- • BlackRock earned $39 million from the products in the quarter, including fee and securities lending revenue; the report gave no separate flow data for the iShares Bitcoin Trust (IBIT).
Summary
Assets under management in BlackRock's digital asset products rose 63% in the third quarter of 2026, with the large majority of the increase attributable to a recovery in market values rather than new investor capital. According to BlackRock's third-quarter report, released Wednesday, AUM climbed from $48.8 billion at the end of June to $79.6 billion at the end of September.
Of the $30.8 billion quarterly increase, $22.9 billion came from market appreciation and $7.9 billion from investor contributions. The net inflows marked a reversal of approximately $2.2 billion in outflows recorded during the first half of the year, indicating a shift in investor flows over the quarter.
Despite the recovery, BlackRock's digital asset holdings remain 23% below the roughly $104 billion level recorded a year earlier. Over the past 12 months, the products attracted $6.3 billion in net inflows, but declines in the market value of the underlying assets erased $30.6 billion over the same period.
BlackRock earned $39 million from its digital asset products during the quarter, including fee and securities lending revenue. The report did not break out asset or fund flow figures for the iShares Bitcoin Trust (IBIT), which the company operates, limiting visibility into how much of the flow activity was concentrated in that vehicle.
Of the $30.8 billion quarterly increase, $22.9 billion came from market appreciation and $7.9 billion from investor contributions. The net inflows marked a reversal of approximately $2.2 billion in outflows recorded during the first half of the year, indicating a shift in investor flows over the quarter.
Despite the recovery, BlackRock's digital asset holdings remain 23% below the roughly $104 billion level recorded a year earlier. Over the past 12 months, the products attracted $6.3 billion in net inflows, but declines in the market value of the underlying assets erased $30.6 billion over the same period.
BlackRock earned $39 million from its digital asset products during the quarter, including fee and securities lending revenue. The report did not break out asset or fund flow figures for the iShares Bitcoin Trust (IBIT), which the company operates, limiting visibility into how much of the flow activity was concentrated in that vehicle.
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