BlackRock posted $84 Billion inflows in Q1
BlackRock is the largest asset manager, with $12 trillion in assets under management, and reported net inflows of $84 billion in the first quarter, representing a 3% annualized growth in assets under management.
BlackRock’s Q1 earnings, made public on April 11, revealed that the company’s impressive performance was fueled by a record first quarter for iShares exchange-traded funds (ETFs), with continued strength in private markets and net inflows.
$3 billion, or 2.8% of the $107 billion in net inflows to iShares ETFs in the first quarter, was directed toward digital asset products
Private market inflows of $9.3 billion in Q1 underscored the significance of alternative investments.
Digital assets accounted for less than 1% of BlackRock’s long-term revenue, totaling $34 million in base fees.
BlackRock’s digital asset custody stood at $50.3 billion, roughly 0.5% of the company’s $11.6 trillion assets under management. BlackRock’s net inflows dropped by 70% from the previous quarter, falling from $281 billion in Q4 2024 to $84 billion.
However, BlackRock’s chief, Larry Fink, emphasized the company’s robust fee growth as a success factor. ‘We had our best start to the year since 2021 and proved our enduring strength in the first quarter, achieving 6% organic base fee growth despite a challenging market environment.”
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