2024

Resistance

BlackRock

Trillion

<ul class="wp-block-list">
 <li>BlackRock, the largest asset manager globally, currently oversees a record $11.5 trillion in assets.</li>
 <li>BlackRock saw $97 billion in inflows into its exchange-traded funds (ETFs), a key driver of its growth.</li>
</ul>
BlackRock, the world’s largest asset manager, has reached a remarkable milestone, now overseeing $11.5 trillion in assets under management. This marks the <a href="https://thenewscrypto.com/blackrock-hits-record-10-6-trillion-in-assets-fueled-by-etf-flows/" target="_blank" rel="noopener noreferrer nofollow">third consecutive quarter</a> of record-breaking growth for the firm, solidifying its status as a leader in the financial industry.
In the last quarter alone, BlackRock attracted $160 billion in client investments, with significant inflows into its <a href="https://thenewscrypto.com/blackrocks-spot-ether-etf-surpasses-1-billion-in-net-asset-value/" target="_blank" rel="noopener noreferrer nofollow">exchange-traded funds</a> (ETFs). The firm’s foray into the crypto space, highlighted by its early launch of a Bitcoin and Ethereum ETF, has further strengthened its market position.
Overall, BlackRock secured $360 billion in total net inflows this year, surpassing the entire net flows of 2022 and 2023. The firm has seen its assets grow from $10.5 trillion in early 2024 to the current record, showcasing its rapid expansion.
In a recent strategic move, BlackRock acquired Global Infrastructure Partners for $12.5 billion. This acquisition adds over $100 billion in assets to its portfolio. Looking ahead, the firm is poised to enhance its presence in private markets. It plans to achieve this through a $3.2 billion acquisition of data provider Preqin.
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BlackRock Surpasses $11.5 Trillion in Assets Amid Record Inflows

TheNewsCrypto

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