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BlackRock Surpasses $11.5 Trillion in Assets Amid Record Inflows

BlackRock Surpasses $11.5 Trillion in Assets Amid Record Inflows

  • BlackRock, the largest asset manager globally, currently oversees a record $11.5 trillion in assets.
  • BlackRock saw $97 billion in inflows into its exchange-traded funds (ETFs), a key driver of its growth.

BlackRock, the worlds largest asset manager, has reached a remarkable milestone, now overseeing $11.5 trillion in assets under management. This marks the third consecutive quarter 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 exchange-traded funds (ETFs). The firms 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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Read more: https://thenewscrypto.com/blackrock-surpasses-11-5-trillion-in-assets-amid-record-inflows/

Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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