Key Highlights:
- BlackRock’s crypto ETFs achieved $3 billion in net inflows during Q1 2025, reflecting an 83% drop from a robust fourth quarter.
- Digital asset funds made up 2.8% of total iShares inflows, while fees accounted for less than 1% of BlackRock’s long-term earnings.
In light of the lackluster cryptocurrency market performance during the early months of 2025, BlackRock (BLK) has reported a considerable decline in investor inflows towards its spot Bitcoin (BTC) and Ether (ETH) ETFs.
For the first quarter, investors channeled $3 billion into BlackRock’s digital asset ETFs, a steep 83% decrease from the inflow figures recorded in Q4, as market prices soared alongside political events.
Despite the downturn, this quarter’s performance signals ongoing interest in crypto-linked funds. The $3 billion inflow constitutes 2.8% of the overall inflows into BlackRock’s extensive iShares ETFs throughout the same period, which also cover various fund categories. By the end of the quarter, BlackRock’s managed digital assets reached approximately $50.3 billion, representing about 0.5% of its total assets, exceeding $10 trillion.
BlackRock’s digital asset ETFs contributed $34 million in base fees, less than 1% of the company’s overall revenue. This downturn in Bitcoin and Ether ETF inflows coincided with a 70% overall decline in iShares’ inflows, which fell to $84 billion from $281 million, as global markets navigated a shifting macroeconomic landscape.
