BlackRock total assets under management have topped $10 trillion
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BlackRock assets now at $10.6T, a new all-time world record after $600b in growth alone this year . They have more aum than Fidelity, CapGroup, Invesco and Franklin COMBINED viaNotably, BlackRock has grown by about $600 billion this year alone, boosted by its iShares Bitcoin Trust . This staggering growth was mostly due to markets going up and from flows on the market.
Interestingly, BlackRock was able to attain this milestone in record time. According to the data, BlackRock shattered the record to become the fastest ETF to reach $10 billion in assets under management. It surpassed the gold ETF way back in March.Interestingly, the game plan of BlackRock in introducing IBIT to leverage the growing demand for Bitcoin among institutional investors has now paid off.
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