Key Takeaways
- • BlackRock's digital asset assets under management rose 63% to $79.6 billion at the end of September 2026, up from $48.8 billion at the end of June, according to its third-quarter earnings report.
- • Investors added $7.9 billion to BlackRock's crypto products in the third quarter, reversing roughly $2.2 billion in outflows during the first half of 2026.
- • Market gains contributed $22.9 billion of the $30.8 billion AUM increase, showing how heavily the business depends on underlying crypto prices.
- • Holdings remain 23% below the nearly $104 billion managed a year earlier, despite $6.3 billion of net inflows over the trailing 12 months, as declines in market value erased $30.6 billion.
- • BlackRock earned $39 million in quarterly fees and securities lending revenue from its digital asset products; it did not disclose separate asset or flow figures for the iShares Bitcoin Trust (IBIT).
Summary
BlackRock's digital asset funds recorded a sharp rebound in the third quarter of 2026, with assets under management climbing 63% to $79.6 billion at the end of September, according to the asset manager's third-quarter earnings report released on Wednesday. That figure compares with $48.8 billion at the end of June.
The quarter's gain was driven largely by market prices. Of the $30.8 billion increase in digital asset AUM, $22.9 billion reflected rising crypto prices, while investors contributed $7.9 billion in net new money. That inflow more than offset roughly $2.2 billion of withdrawals during the first six months of 2026, a period in which bitcoin and other cryptocurrencies faced pressure that weighed on the value of funds holding them.
Despite the recovery, BlackRock's crypto holdings remain 23% below the nearly $104 billion it managed a year earlier. Investor demand has not been the constraint: over the past 12 months, the funds attracted $6.3 billion in net new money, but declines in the market value of the underlying assets erased $30.6 billion over the same period.
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 IBIT's individual performance.
The quarter illustrates the sensitivity of BlackRock's crypto business to asset prices, even as investors continue adding capital. Reporting from CoinDesk and other outlets on the same earnings release is consistent with these figures.
The quarter's gain was driven largely by market prices. Of the $30.8 billion increase in digital asset AUM, $22.9 billion reflected rising crypto prices, while investors contributed $7.9 billion in net new money. That inflow more than offset roughly $2.2 billion of withdrawals during the first six months of 2026, a period in which bitcoin and other cryptocurrencies faced pressure that weighed on the value of funds holding them.
Despite the recovery, BlackRock's crypto holdings remain 23% below the nearly $104 billion it managed a year earlier. Investor demand has not been the constraint: over the past 12 months, the funds attracted $6.3 billion in net new money, but declines in the market value of the underlying assets erased $30.6 billion over the same period.
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 IBIT's individual performance.
The quarter illustrates the sensitivity of BlackRock's crypto business to asset prices, even as investors continue adding capital. Reporting from CoinDesk and other outlets on the same earnings release is consistent with these figures.
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