BlackRock Assets Under Management Rise Through $10T
Summary
BlackRock, the world's largest asset manager, reported that its assets under management (AUM) increased to over $10 trillion in the second quarter, a rise of nearly 13% from the previous year. The company's earnings per share (EPS) also increased to $9.99 from $9.06, and revenue rose by 7.7% to $4.8 billion. BlackRock is the largest public holder of bitcoin through its iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF), which currently holds more than 300,000 BTC. BlackRock's shares increased by 1.2% to $838 in pre-market trading.
