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BlackRock’s digital asset assets under management stood at $79.6 billion at the end of the third quarter, up 63% from $48.8 billion at the end of the second quarter, CoinDesk reported. The increase came as the crypto market recovered and investor money flowed in, with digital asset products posting $7.9 billion in net inflows during the quarter.
Despite the rebound, the total was still 23% below about $104.0 billion a year earlier. Over the past 12 months, digital asset products saw $6.3 billion in net inflows, but declining asset values reduced the total by $30.6 billion.