BlackRock's Crypto Assets Decline 39% Despite $15 Billion Net Inflows
BlackRock reports a 39% decrease in its digital asset funds to $48.8 billion, despite attracting $15.1 billion in net inflows over the past year, according to CoinDesk. The decline is attributed to $45.8 billion in market losses, underscoring the firm’s exposure to volatile crypto prices.
BlackRock's digital asset funds saw their value fall from $79.6 billion to $48.8 billion over the past year, marking a decline of nearly 39%. While the firm attracted $15.1 billion in net inflows during this period, $45.8 billion in market losses counteracted these gains.
The decline reflects the challenges facing BlackRock's crypto business amid a broader downturn in the cryptocurrency market. In the second quarter, these products experienced $3.1 billion in net outflows, despite the overall firm reporting record assets under management of $15.3 trillion.
BlackRock, which manages several exchange-traded funds (ETFs) including spot bitcoin and ether ETFs, continues to expand its offerings in the digital asset space. The firm aims to generate $500 million in annual revenue from this sector by 2030, a tenfold increase from the current revenue of $40 million. "We want to build a digital wallet native asset manager," said Martin Small, BlackRock's Chief Financial Officer, emphasizing new distribution opportunities.
Investors may want to watch for any potential changes in BlackRock's strategy as the company navigates the ongoing volatility in cryptocurrency prices, particularly for major assets like Bitcoin and Ethereum, which have struggled in recent months.
Summary based on original reporting by Helene Braun at CoinDesk, originally published Jul 15, 2026. SolanaWire does not republish source content.
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