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BlackRock has announced significant financial results for the first quarter of 2025. The firm recorded total net inflows of $84 billion, a 3% annualized growth in assets under management, despite a sharp decline from $281 billion in the previous quarter.
Of particular interest, BlackRock reported $3 billion in inflows directed to digital asset products, accounting for 2.8% of the $107 billion in net inflows to its iShares exchange-traded funds (ETFs).
However, digital assets still represent a modest portion of the firm's overall business, contributing $34 million in base fees, which is less than 1% of BlackRock’s long-term revenue.
As of March 31, digital assets under management totaled $50.3 billion, constituting approximately 0.5% of BlackRock’s total assets. This figure comes amid a broader market context where other Bitcoin ETF issuers, such as Grayscale, reported significant outflows, totaling around $1.4 billion year-to-date as of April 4.
BlackRock CEO Larry Fink noted that the firm achieved 6% organic base fee growth, marking the best start to a year since 2021. He emphasized the importance of assisting clients in navigating market changes while maintaining focus on long-term growth opportunities.
Despite the overall decline in net inflows compared to the previous quarter, BlackRock's performance in digital assets suggests a steady interest in crypto-backed ETFs.