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) [1][3] - The company's digital assets exchange-traded products (ETPs) and active ETFs have collectively surpassed $100 billion in digital assets and over $80 billion in active ETFs in 2023 [2][6] - The iShares Bitcoin ETF (IBIT) has become the largest crypto ETF, reaching over $100 billion in assets before experiencing a decline due to Bitcoin's price drop [3][6] Digital Assets Growth - BlackRock's digital assets ETPs have grown significantly, with CEO Larry Fink highlighting the success in scaling distribution and adapting to new markets [2] - The iShares Ethereum ETF (ETHA) has approximately $16 billion in assets, contributing to the company's strong performance in the ETP industry [5][6] Market Performance - Despite recent tensions between the U.S. and China affecting sentiment for digital assets, Bitcoin and Ethereum have each increased about 14% year-to-date, slightly outperforming the S&P 500's 13% rise [4][7] - BlackRock's shares have also seen a 14% increase year-to-date, reflecting the company's overall positive performance in the market [8]