The digital funds of digital assets of BlackRock have generated net entries for a fifth consecutive quarter, but the value of these assets dropped by 9% while the price of Bitcoin and Ethereum collapsed, said the company in its last time Profits.
As of March 31, the largest asset manager in the world held $ 50.3 billion in digital assets ETF, about $ 5 billion less than in the previous quarter, according to the press release.
However, among asset managers, BlackRock stay The leader of the entries with the Ishares Bitcoin Trust ETF (Ibit) and Ishares Ethereum Trust ETF (ETHA) adding $ 2.7 billion and $ 548 million respectively on entrances during the quarter. The 3.1 billion dollars handset represents around 3% of net flows in BlackRock products in the first quarter. Blackrock currently has 463 products registered on the American stock market, according to Stock analysis.
Friday, the BlackRock’s Spot Bitcoin ETF had almost three times the alms of the FNB bitcoin Trust of Graycale Bitcoin, totaling $ 45 billion and $ 15.2 billion, respectively, according to the cryptographic data supplier Rinsing. The BlackRock ETF ETF spot had an alms of $ 1.8 billion, less than the $ 3.46 billion imprint in the Grayscale ETF ETF, although the latter is a conversion of an existing fund and has lost $ 4.1 billion since its ETF inception.
However, investors had less appetite for the cryptographic products of BlackRock in the first quarter in the middle of a largely risky environment. In the past 12 months, the ETF Crypto of Blackrock have generated net entries of $ 30 billion, with an average of about $ 7.5 billion per quarter. Ibit has added about $ 39 billion in net entries since its inception in January 2024.
The Bitcoin price fell 12% in the first quarter, representing the worst performance of the assets since the second quarter of last year. The price of Ethereum collapsed 45%, its biggest dive since T2 2022), but the FNB Crypto of Blackrock have always generated entries.
Blackrock, who first hit Coinbase as a guardian of his Etf Crypto, recently turned to digital anchorage. Blackrock disclosed In deposits earlier this week, he was now based on Digital Assets Trust as an additional option to protect digital assets.
Edited by James Rubin
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