BlackRock's Q3 Digital Asset AUM Reaches $79.6 Billion, Up 63% Quarter-over-Quarter

BlackRock's Q3 financial report shows that its digital asset funds attracted $7.9 billion in inflows, reversing the $2.2 billion outflows seen in the first half of the year. As of the end of September, the assets under management (AUM) in digital assets stood at $79.6 billion, an increase of $30.8 billion from $48.8 billion at the end of June, representing a growth of 63%; of this increase, $22.9 billion was attributed to the rise in cryptocurrency prices. Despite this rebound, the digital assets held by BlackRock are still 23% lower than a year ago.

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