U.S.-listed ether ETFs attracted a record $726.74 million in daily net inflows on Wednesday, while $ETH prices surged 8.1% to cross $3,560 — the token’s best single-day performance since March. By @shauryamalwa.https://t.co/ifzgVBkwrx ...

Core Viewpoint - BlackRock is expected to report improved second-quarter 2025 results, with revenues and earnings anticipated to show year-over-year growth [1][11]. Group 1: Performance and Estimates - BlackRock's first-quarter 2025 earnings exceeded the Zacks Consensus Estimate, driven by revenue growth and a record high AUM of $11.58 trillion, influenced by net inflows and favorable forex impacts [1][2]. - The Zacks Consensus Estimate for total AUM in Q2 is $11.68 trillion, reflecting a 9.7% year-over-year increase, while the company's own estimate is $11.66 trillion [5]. - The consensus estimate for second-quarter earnings is $10.77 per share, indicating a 4% increase from the previous year, with sales expected to rise by 12% to $5.38 billion [11]. Group 2: Revenue Components - BlackRock is projected to see growth in investment advisory, administration fees, and securities-lending revenues, with a consensus estimate of $4.36 billion, representing a 12.6% year-over-year rise [6]. - The estimate for investment advisory performance fees is $156.6 million, showing a decline of 4.5%, while distribution fees are expected to rise by 1.7% to $323.3 million [7]. - Technology services revenues are estimated at $493.7 million, indicating a 25% year-over-year increase [7]. Group 3: Expenses and Strategic Initiatives - Total expenses for BlackRock are estimated at $3.33 billion, suggesting a year-over-year rise of 10.7, driven by restructuring initiatives and expansion efforts [9]. - The company continues to enhance its AUM through diversified offerings and strong revenue mix, with the listing of bitcoin ETPs contributing positively [4][5]. Group 4: Market Position and Outlook - BlackRock maintains a strong position in the ETF market, with over 1,400 ETFs globally, and the approval of spot Bitcoin and ether ETFs likely contributing to AUM growth [3]. - The company has a positive Earnings ESP of +1.28% and a Zacks Rank of 2 (Buy), indicating a high likelihood of beating the consensus estimate for earnings [10].

Core Insights - BlackRock (BLK) aims to raise $400 billion in private markets fundraising by 2030, with the private credit market projected to grow from $1.6 trillion in 2023 to $4.5 trillion by 2030 [1][8] - The company targets to double its adjusted operating income to $15 billion and market capitalization to $280 billion by 2030, with an annual revenue target exceeding $35 billion, indicating a compound annual growth rate of 10% [2][8] - BlackRock expects organic base fee growth of 5% or more and adjusted operating margins of 45% or more by 2030 [3][8] Private Market Expansion - Over the past year, BlackRock has committed nearly $28 billion to acquire private-asset firms, including the acquisition of Global Infrastructure Partners for $12.5 billion and HPS Investment Partners for $12 billion [4][5] - Following the HPS acquisition, BlackRock anticipates managing approximately $220 billion in private credit client assets, in addition to over $225 billion in private equity, infrastructure, and real estate [5][8] - The acquisition of Preqin for $3.2 billion represents a strategic move to enhance BlackRock's Aladdin technology business in the private markets data segment [6][8] Product Diversification and Client Offerings - BlackRock is collaborating with Partners Group to create a diversified portfolio of private assets for retail clients, integrating private equity and credit investments into pre-built portfolios [7][8] - The company claims this offering is the first of its kind in the asset management industry, catering to the rising demand among individual investors [7][8] Financial Performance and Market Position - BlackRock's inorganic expansion strategy is expected to bolster its presence in alternatives and private equity assets, contributing to top-line growth and assets under management [8] - The combination of acquisitions and enhanced data capabilities is projected to drive solid revenue growth for BlackRock [9][8] - Over the past year, BlackRock shares have increased by 28.5%, outperforming the industry growth of 16.9% [10]