Digital Asset AUM Tops $50B, but BlackRock’s Crypto ETF Inflows Tumble in Q1
BlackRock’s total digital asset assets under management (AUM) have climbed to over $50 billion, a notable figure but still a small slice of the firm’s vast portfolio, which exceeds $10 trillion.
As expected, given the subdued crypto market performance in early 2025, net inflows into BlackRock’s spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) took a significant hit in the first quarter.
According to the asset manager’s Q1 earnings report, investors allocated $3 billion to its digital asset ETFs over the first three months of the year. That’s an 83% plunge from the previous quarter, which saw a major influx of capital as crypto prices rallied sharply following Donald Trump’s election win.
Despite the steep drop, the $3 billion figure still indicates ongoing investor interest in crypto-related funds—even as digital asset prices have lost momentum.
The inflows into BlackRock’s crypto ETFs represented 2.8% of total Q1 inflows into its iShares ETF lineup, which includes a broad range of fund types such as active, core equity, and strategic offerings. As of quarter’s end, digital assets made up roughly 0.5% of BlackRock’s overall AUM, totaling $50.3 billion.
Base fees from these digital asset ETFs reached $34 million during the quarter—contributing less than 1% to BlackRock’s long-term revenue.
The downturn in bitcoin and ether ETF inflows coincided with a broader slowdown in iShares ETF activity. Overall inflows dropped 70% to $84 billion from $281 billion in Q4, as global investors reacted cautiously to a shifting macroeconomic landscape under the Trump administration.
