Affected by Bitcoin ETF, BlackRock's asset management scale hit a record high as of the second quarter

Six months after launching its Bitcoin spot ETF, BlackRock's assets under management hit a record high. According to BlackRock's second-quarter earnings report released on Monday, as of June 30, BlackRock's assets under management reached $10.65 trillion, a year-on-year increase of 13%. BlackRock CEO Larry Fink said in a statement that organic growth was driven by a surge in private markets, retail fixed income and inflows into ETFs. BlackRock's total net inflows in the second quarter reached $82 billion, and net inflows reached $139 billion in the first half of this year. Since launching IBIT at the beginning of this year, BlackRock has become the world's largest Bitcoin spot ETF. IBIT currently holds 316,276 bitcoins, worth approximately $18.3 billion. (Decrypt)