IBIT is responsible for the inflow of funds into BlackRock ETF! Larry Fink: Bitcoin is a legal financial instrument and digital gold

This site (120btC.coM): BlackRock, the world's largest fund management company, announced its second quarter financial report for 2024 on Monday (15th). The company's assets under management hit a record high of US$10.65 trillion. The main reason This is due to the increase in the value of customers' assets and the infusion of funds into the company's ETFs from investors. BlackRock CEO Larry Fink also admitted on the show that Bitcoin is a legal financial instrument and digital gold.

ETF net inflow reached US$83 billion

BlackRock’s net inflow of funds in the second quarter (as of 6/30) was US$81.57 billion, slightly higher than the US$80.16 billion in the same period last year. ETF net inflows hit $83 billion, marking their best start to the year on record and offsetting institutional outflows.

Exchange-traded funds (ETFs) have always been an important business of BlackRock, with their asset size accounting for 37% of all BlackRock products and 43% of its revenue sources.

BlackRock CEO Larry Fink said: "Growth is driven by private markets, retail active fixed income markets and a surge in funds flowing into our ETFs, which are off to the best start to a year ever. .

IBIT is responsible for the inflow of funds

BlackRock issued the Bitcoin spot ETFIBIT in January this year. According to SoSoValue, its asset size reached US$18.3 billion as of July 12, and the net inflow in the second quarter was US$3.77 billion. And there is only one day when there is a net outflow.

IBIT accounted for 4.5% of its net inflows in the second quarter, and should be considered one of the contributors to the capital inflows in this quarter.

Larry Fink: Bitcoin is a legal financial instrument and also digital gold

BlackRock CEO Larry Fink said on the CNBC program yesterday: I used to be a skeptic, and I admit that I was wrong. Bitcoin is a legal financial instrument and it is also digital gold.

BlackRock (BLK) closed at $822.96

BlackRock (stock code: BLK) fell 0.61% yesterday to close at $822.96, up only 2.34% so far this year.

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