BlackRock's bragging rights to fastest growing ETFs

Core Insights - BlackRock, the world's largest asset manager with $10 trillion in assets under management, is celebrating the rapid growth of its exchange-traded funds (ETFs), particularly in the digital assets space [1][2]. Group 1: Digital Assets Growth - BlackRock's digital assets exchange-traded products (ETPs) and active ETFs have surged from nearly zero to over $100 billion in digital assets and over $80 billion in active ETFs in 2023 [2]. - The iShares Bitcoin ETF (IBIT) has become the largest crypto ETF, with assets exceeding $100 billion earlier this month, although it has seen a decline due to Bitcoin's price drop [4][6]. - The iShares Ethereum ETF (ETHA) currently holds around $16 billion in assets, and both IBIT and ETHA were among the top five inflowing products in the ETP industry [5][6]. Group 2: Market Performance - Bitcoin and Ethereum have each increased approximately 14% year-to-date, slightly outperforming the S&P 500's 13% rise [7]. - BlackRock's shares have also risen by 14% year-to-date, reflecting positive market sentiment towards the company's performance [8].