BlackRock Hits Record $15.34 Trillion Assets Despite Digital Asset Drop, Says Larry Fink
BlackRock closed the second quarter of 2026 with assets reaching a record $15.34 trillion, though the firm's digital asset products shed value. The largest asset manager reported total revenue of $7.08 billion, marking a 31% increase year-over-year, while adjusted earnings surpassed analyst predictions. The growth was powered by traditional sectors, with Exchange-Traded Funds (ETFs) leading inflows that totaled $177.9 billion. Conversely, the firm’s digital asset holdings decreased by nearly 20% over the last quarter. Larry Fink, Chairman and CEO, credited the stability and scope of the firm’s platform for its success. "The quality and breadth of our platform is differentiating us with clients more than ever before," he stated. Despite the record total, the decline in digital assets mirrored broader market pressures, with US spot Bitcoin ETFs posting significant losses in June and subsequent outflows. For the firm, the record quarter demonstrated that the core business engine remains robust, far surpassing the volatility seen in its digital holdings.