BlackRock Achieves Record AUM Milestone and Dominates Bitcoin Market

Monday, 15 July 2024, 10:39
BlackRock, the world's top asset manager, has seen a significant surge in its Assets Under Management (AUM), crossing the unprecedented $10 trillion mark. This remarkable growth can be attributed to BlackRock's prominent position in the cryptocurrency market, particularly in bitcoin through the iShares Bitcoin Trust. With over 300,000 BTC in its portfolio, BlackRock solidifies its status as a major player in both traditional finance and the emerging digital asset arena.
CoinDesk
BlackRock Achieves Record AUM Milestone and Dominates Bitcoin Market

BlackRock's AUM Milestone and Bitcoin Dominance

BlackRock, a leading asset manager, has surpassed $10 trillion in Assets Under Management (AUM), marking a historic achievement.

Bitcoin Holdings Through iShares Bitcoin Trust

BlackRock stands out as a significant player in the cryptocurrency market with its iShares Bitcoin Trust holding over 300,000 BTC.

Position in Traditional and Digital Finance

This milestone underscores BlackRock's dual strength in both conventional finance and the evolving digital asset realm.

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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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