BlackRock's iShares ETFs saw record net inflows in the third quarter, driven by a surge in investment demand for Bitcoin and Ethereum
BlackRock's quarterly financial report shows that the company's iShares platform achieved a net inflow of $205 billion in the third quarter, setting a record high.
The aforementioned inflow generated a 10% organic fee growth, with an 8% increase over the last 12 months.
Company CEO Fink reiterated that BlackRock "is often prepared for the future," highlighting the issuance of emerging industries such as science and technology, data analysis, and digital assets (derivatives like ETFs).
The iShares platform has over 1,400 ETFs globally
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