BlackRock Assets Hit Record $10.47 Trillion as Stock Rally Fuels Q1 Earnings

Key TakeawaysBlackRock's assets under management in the first quarter surged $1.4 trillion to a record$10.47 trillion.BlackRock's ETFs saw net inflows more than triple to $67 billion in Q1, with roughly$14 billion going into its spot bitcoin ETF.The company's adjusted net income stood at $1.47 billion or$9.81 per diluted share, up roughly 23% from a year ago,Revenue jumped 11% to $4.73 billion as rising stocks drove up fee revenue. BlackRock's (BLK) first-quarter earnings beat analyst expectations, with ...