Key Takeaways
- • BlackRock reported $79.6 billion in digital assets under management at the end of September 2026, a 63% increase from $48.8 billion at the end of June, according to its third-quarter earnings report.
- • Investors added $7.9 billion to BlackRock's digital asset products in the quarter, offsetting roughly $2.2 billion in withdrawals during the first half of 2026.
- • Market gains accounted for $22.9 billion of the $30.8 billion increase in digital asset AUM, underscoring the business's dependence on crypto prices.
- • Despite the rebound, BlackRock's crypto holdings remain 23% below the nearly $104 billion managed a year earlier.
- • BlackRock earned $39 million in quarterly fees and securities lending revenue from its digital asset products; the firm did not disclose separate figures for the iShares Bitcoin Trust (IBIT).
Summary
BlackRock's crypto funds posted a considerably stronger third quarter of 2026 than in the first half of the year, but remain well short of recovering assets lost during the broader cryptocurrency market downturn. According to the asset manager's third-quarter earnings report released Wednesday, digital assets under management reached $79.6 billion at the end of September, up 63% from $48.8 billion at the end of June.
The increase was driven primarily by market performance. Of the $30.8 billion added to digital asset holdings during the quarter, $22.9 billion came from market gains, while investors contributed $7.9 billion in net inflows. Those inflows more than offset the roughly $2.2 billion withdrawn during the first six months of the year. Bitcoin and other cryptocurrencies had faced pressure in the first half, weighing on the value of funds holding them, before recovering in the third quarter.
Even after the rebound, BlackRock's crypto holdings sit 23% below the nearly $104 billion it managed a year earlier. Over the trailing 12 months, the firm's digital asset funds attracted $6.3 billion in net new money, but declines in market value erased $30.6 billion over the same period. The figures illustrate 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 company did not provide separate asset or flow figures for its bitcoin fund in the earnings release, limiting visibility into the performance of its largest crypto vehicle.
The increase was driven primarily by market performance. Of the $30.8 billion added to digital asset holdings during the quarter, $22.9 billion came from market gains, while investors contributed $7.9 billion in net inflows. Those inflows more than offset the roughly $2.2 billion withdrawn during the first six months of the year. Bitcoin and other cryptocurrencies had faced pressure in the first half, weighing on the value of funds holding them, before recovering in the third quarter.
Even after the rebound, BlackRock's crypto holdings sit 23% below the nearly $104 billion it managed a year earlier. Over the trailing 12 months, the firm's digital asset funds attracted $6.3 billion in net new money, but declines in market value erased $30.6 billion over the same period. The figures illustrate 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 company did not provide separate asset or flow figures for its bitcoin fund in the earnings release, limiting visibility into the performance of its largest crypto vehicle.
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