BlackRock Reports $3B in Digital Asset Inflows During Q1 2025

BlackRock, the world’s largest asset manager with $11.6 trillion in assets under management (AUM), reported strong financial results for the first quarter of 2025, including a notable $3 billion in inflows into its digital asset products. This growth came as part of the firm’s broader performance, which saw total net inflows of $84 billion, reflecting a 3% annualized growth in AUM.

The impressive performance was driven largely by a record first quarter for iShares exchange-traded funds (ETFs), alongside continued success in private markets, according to the company's earnings report released on April 11. In total, BlackRock iShares ETFs saw $107 billion in net inflows, with $3 billion of that total directed to digital asset ETFs, accounting for approximately 2.8% of the firm’s ETF inflows for the quarter.

BlackRock’s net flow data in Q1 2025 (in billions of US dollars). Source: BlackRock

Digital Assets: A Growing but Modest Segment

While digital assets remain a relatively small part of BlackRock business, their contribution is gradually increasing. As of March 31, 2025, digital assets generated $34 million in base fees, accounting for less than 1% of the company’s long-term revenue. Despite this, the digital asset segment has demonstrated continued growth, with total digital assets under management (AUM) reaching $50.3 billion by the end of the first quarter. This represents roughly 0.5% of BlackRock total AUM.

Although this segment remains small compared to BlackRock’s broader investment operations, the inflow of $3 billion into its digital asset products stands out as a significant achievement—especially given the market volatility and widespread liquidations in the Bitcoin ETF market earlier this year. The strong performance suggests that investor interest in cryptocurrency-backed ETFs remains resilient despite broader market uncertainty.

BlackRock’s business results in Q1 2025 (in millions of US dollars). Source: BlackRock

Strong Performance Across Other Segments

In addition to digital assets, BlackRock reported continued strength in other areas of its business. Private market investments were another key driver of performance, with $9.3 billion in inflows during the first quarter of 2025. This reflects the firm’s diversified approach to asset management, with digital assets being just one part of a much larger investment portfolio.

Looking Ahead

While digital assets make up a modest portion of BlackRock total business, the growing inflows into this sector highlight its increasing relevance within the global investment landscape. As cryptocurrency markets mature, BlackRock continued involvement in digital assets is likely to expand, potentially positioning the firm to capitalize on future growth in the space.