Group 1 - BlackRock is recognized as one of the largest providers of exchange-traded funds (ETFs) [1] - The iShares brand, owned by BlackRock, is noted for its popularity and reliability in the market [1]

(Table below reflects daily flows on October 29, 2025 and asset totals as of that date.) ETF Brand League Table Welcome to the etf.com league table. On this page, you’ll find the U.S. ETF market through different lenses: brand and issuer. What’s the difference? The brand is what the ETF says on the tin. For example, "iShares" is the brand of issuer "BlackRock’s" ETFs. Because many issuers license their ETF infrastructure to third parties, we present the data in both ways. The identification of the correc ...

Core Insights - A record $1 trillion has been invested in US ETFs in 2025, indicating a significant shift from traditional mutual funds to ETFs [2][3] - The ETF industry is projected to reach $1.4 trillion by year-end, surpassing last year's record and solidifying ETFs as a dominant investment vehicle in the US [3] - Total US ETF assets reached $12.7 trillion by the end of September, with a 23% year-to-date growth rate and 41 consecutive months of net inflows [3] ETF Performance - Bond and gold ETFs have shown exceptional performance, with $39 billion in inflows for fixed-income ETFs last month and SPDR Gold Trust ETF attracting $15.97 billion as gold prices exceeded $4,100 per ounce [4] - The current market environment is characterized by a risk-on sentiment and persistent inflation, which are driving these inflows [4] Investor Behavior - BlackRock's iShares and Tidal Financial Group anticipate continued inflows into ETFs, as mutual fund outflows have reached $481 billion this year [5] - Investors are increasingly favoring ETFs for their cost efficiency, transparency, liquidity, and diversification, which are reshaping global investment behavior [5] Growth in Crypto ETFs - A parallel boom in crypto-linked funds and Asian ETF markets is expected, with significant growth anticipated in crypto ETFs over the next five years, potentially capturing 10-20% of all assets [7][8] - The cost-effectiveness of ETFs compared to traditional crypto services is highlighted, with exposure available for as low as 25 basis points [8]

Financial Data and Key Metrics Changes - BlackRock reported third quarter revenue of $6.5 billion, a 25% increase year over year, driven by acquisitions and organic base fee growth [13] - Operating income rose to $2.6 billion, up 23% year over year, while earnings per share increased by 1% to $11.55 [13] - The company finished the quarter with record assets under management (AUM) of $13.5 trillion, with net inflows of $205 billion in the third quarter, reflecting 10% annualized organic base fee growth [12][19] Business Line Data and Key Metrics Changes - The organic base fee growth was 8% over the last 12 months, the highest level in over four years, with significant contributions from ETFs, private markets, and cash management [10][12] - Performance fees increased by 33% year over year to $516 million, primarily due to contributions from HPS [15] - Technology services and subscription revenue rose by 28% year over year, reflecting strong demand for Aladdin technology offerings [15] Market Data and Key Metrics Changes - iShares ETFs generated record net inflows of $153 billion in the third quarter, with core equity and index fixed income leading the way [19] - The cash management platform crossed $1 trillion in AUM, growing 45% over the last three years, with $34 billion of net inflows in the quarter [21] - Institutional active franchise saw $22 billion of net inflows, driven by a $30 billion pension outsourcing mandate [20] Company Strategy and Development Direction - BlackRock's strategy focuses on integrating capabilities across private markets, digital assets, and technology to unlock growth opportunities [12][22] - The company aims to leverage its acquisitions to enhance client engagement and expand its service offerings, particularly in private credit and digital assets [27][29] - BlackRock is exploring tokenization to bridge traditional capital markets with digital assets, aiming to create a seamless investment experience for clients [31][33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong client engagement and the potential for continued organic growth [22][24] - The company highlighted the importance of adapting to market changes and client needs, particularly in the context of digital assets and private markets [36][37] - Management noted that the fourth quarter is typically the strongest for organic growth, positioning the company well for continued success [21][22] Other Important Information - BlackRock repurchased $375 million worth of shares in the third quarter and plans to continue share repurchases in the fourth quarter [19] - The company expects a low teens percentage increase in core G&A expenses year over year, driven by recent acquisitions [18] Q&A Session Summary Question: What was the contribution of various business lines to the 10% base fee organic growth? - Management noted that organic base fee growth was highly diversified across franchises, with significant contributions from digital assets, active ETFs, and systematic strategies [45][48] Question: What are BlackRock's ambitions regarding tokenization? - Management emphasized the potential of tokenization to enhance access to traditional assets for younger investors and mentioned ongoing discussions with major platforms to advance this initiative [58][60] Question: How is BlackRock addressing concerns in the private credit market? - Management reassured that credit quality remains strong and that private credit markets are well-positioned for continued growth, despite recent market anxieties [72][75] Question: What impact could ETF share classes have on BlackRock? - Management views the introduction of ETF share classes as a positive development that could enhance distribution and allow for greater flexibility in investment strategies [80][84] Question: How is BlackRock expanding its distribution in private credit? - Management highlighted ongoing discussions with leading insurers and plans to accelerate the launch of semi-liquid products across various private credit strategies [96]

贝莱德首席执行官：正在探索将iShares等长期投资产品代币化。 ...

Cryptocurrency ETF Flows - Bitcoin ETFs saw a net inflow of 5,140 BTC, equivalent to $592.17 million [1] - Ethereum ETFs experienced a net inflow of 28,694 ETH, totaling $130.44 million [1] Bitcoin ETF Holdings - iShares (Blackrock) recorded inflows of 3,201 BTC, valued at $368.8 million [1] - iShares (Blackrock) currently holds 757,365 BTC, worth $87.25 billion [1] Ethereum ETF Holdings - Fidelity experienced inflows of 19,965 ETH, amounting to $90.76 million [1] - Fidelity currently holds 766,474 ETH, with a total value of $3.48 billion [1]

Bitcoin ETF Flows - Bitcoin ETFs recorded a net inflow of 524 BTC, equivalent to $59.75 million [1] - BlackRock's iShares Bitcoin ETF saw inflows of 1,521 BTC, valued at $173.42 million, holding a total of 752,301 BTC worth $85.76 billion [1] Ethereum ETF Flows - Ethereum ETFs experienced a net inflow of 15,071 ETH, amounting to $66.51 million [1] - BlackRock's iShares Ethereum ETF received inflows of 10,285 ETH, worth $45.39 million, with total holdings of 3,671,310 ETH valued at $16.2 billion [1]

Bitcoin ETF Flows - Bitcoin ETFs 净流入 2,569 BTC（价值 2.8153 亿美元）[1] - iShares (Blackrock) 的 Bitcoin ETF 流入 2,588 BTC（价值 2.8371 亿美元），总持有量达到 750,058 BTC（价值 822.1 亿美元）[1] Ethereum ETF Flows - Ethereum ETFs 净流出 15,444 ETH（价值 6656 万美元）[1] - iShares (Blackrock) 的 Ethereum ETF 流出 33,884 ETH（价值 1.4604 亿美元），总持有量为 3,743,379 ETH（价值 161.3 亿美元）[1]

Bitcoin ETF Flows - Bitcoin ETFs recorded a net inflow of 1,578 BTC, equivalent to $174.35 million [1] - BlackRock's iShares Bitcoin ETF experienced inflows of 568 BTC, valued at $62.738 million, holding a total of 746,584 BTC, worth $82.5 billion [1] Ethereum ETF Flows - Ethereum ETFs saw a net inflow of 12,489 ETH, amounting to $54.86 million [1] - BlackRock's iShares Ethereum ETF received inflows of 15,127 ETH, valued at $66.45 million, with total holdings of 3,777,263 ETH, worth $16.59 billion [1]

Bitcoin ETF Flows - Bitcoin ETFs recorded a net inflow of 838 BTC, equivalent to $9485 million [1] - iShares (Blackrock) experienced inflows of 454 BTC, totaling $5138 million, holding a cumulative 746016 BTC valued at $844 billion [1] Ethereum ETF Flows - Ethereum ETFs saw a net inflow of 71506 ETH, amounting to $32871 million [1] - iShares (Blackrock) inflows reached 57483 ETH, valued at $26425 million, with total holdings of 3762136 ETH worth $1729 billion [1]