BlackRock’s crypto inflows jump 370% in Q2 while net flows slump

Key Points

1. BlackRock's Q2 crypto ETF inflows rose to $14 billion, up from $3 billion in Q1 2025, a 366% increase.

2. Crypto inflows represented 16.5% of BlackRock's total Q2 ETF inflows, up from just under 3% in Q1.

3. Total inflows for BlackRock declined by 19%, falling from $84 billion to $52 billion in Q2.

4. Digital assets generated $40 million in base fees, about 1% of BlackRock's long-term revenue, an 18% increase from Q1.

5. BlackRock CEO Larry Fink noted record flows for iShares ETFs and highlighted technology ACV growth reaching 16%.