Market Update

Blackrock Crypto Asset Holdings, a decrease of $ 5 billion like Bitcoin, the prices of ETAREUM decreased

The company said in the most recently, that the value of the digital funds that focus on digital assets in Blackrock has been born. Persons issuance.

As of March 31, the world’s largest asset manager kept $ 50.3 billion in ETF Digital Assets, less than $ 5 billion in the previous quarter, according to the statement.

However, between asset managers, Blackrock Remain Leader in flows with ISHARES Bitcoin ETF (Ibit) and ISHARES ethereum ETF ETF (Etha) adds $ 2.7 billion and $ 548 million in flows, respectively, during a quarter. Combined $ 3.1 billion represents about 3 % of clear flows in Blackrock products in the first quarter. Blackrock currently has 463 products listed in the US stock market, according to Stock analysis.

As of Friday, Bitcoin ETF had a Blackrock spot for nearly three times AUM from ETF for Bitcoin Trust, with a total of $ 45 billion and 15.2 billion dollars, respectively, according to the Crypto data provider Coinglass. ETHEREUM ETF Spot of Blackrock amounted to $ 1.8 billion, less than the ETHEREUM TRUST at $ 3.46 billion, although the latter is a transfer from a current fund, and he threw $ 4.1 billion since its first appearance in ETF.

However, investors had a lower appetite for Blackrock’s Crypto products in the first quarter in a large -scale risk environment. Over the past 12 months, the investment funds circulated in Blackrock have achieved nets of $ 30 billion, with an average of about 7.5 billion dollars per quarter. IBIT has added about $ 39 billion of net flows since it appeared for the first time in January 2024.

Bitcoin price decreased by 12 % in the first quarter, which represents the worst performance of the original since the second quarter of last year. Meanwhile, the ETHEREUM price has collapsed by 45 %, which is the largest landing since Q2 2022), but Blackrock encryption boxes are still generating flows.

Blackrock, which was first exploited as Coinbase as a Crypto qualifier, recently turned into Anchorage Digital. Blackrock Detected In deposits earlier this week, it is now tending to digital assets as an additional option to protect digital assets.

Edited by James Robin

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