BlackRock’s crypto asset funds attracted $7.9 billion in net inflows during the third quarter of 2026. This more than offset the roughly $2.2 billion investors withdrew during the first six months of the year. Total digital assets under management rose 63% quarter over quarter to $79.6 billion.
According to the company’s third-quarter results released on October 14, both investor inflows and rising crypto prices contributed to the recovery. Despite the strong quarterly performance, however, the funds’ assets remained below their level a year earlier.
Inflows into BlackRock’s digital asset funds regain momentum
BlackRock managed $48.8 billion in digital asset products at the end of June. That figure reached $79.6 billion by the end of September. The total increase over the three-month period amounted to $30.8 billion.
Net new investor money accounted for $7.9 billion of that increase. The remaining $22.9 billion came from gains in the market value of the assets held by the funds.
Calculations based on the reported figures show that price movements contributed approximately 74% of the quarterly increase. Net investor inflows accounted for around 26%.
The 63% increase in assets under management therefore does not mean that new investment rose by the same percentage. This measure reflects both money entering and leaving the funds and changes in the market value of their existing portfolios.
Declines in Bitcoin and other cryptocurrencies weighed on the value of funds holding those assets during the first half of the year. Recovering prices and stronger investor demand supported BlackRock’s digital asset products in the third quarter.
Combining the roughly $2.2 billion in first-half outflows with third-quarter inflows brings net inflows for the first nine months to approximately $5.7 billion. This calculation shows that inflows into the company’s crypto products had more than offset the first-half withdrawals by the end of September.
Year-over-year losses remain
Despite the quarterly recovery, BlackRock’s digital assets under management remained 23% below the roughly $104 billion recorded a year earlier. The gap reflects the lingering impact of the earlier crypto market downturn.
Over the past 12 months, investors added a net $6.3 billion to the company’s digital asset funds. During the same period, however, declines in market value erased $30.6 billion from assets under management.
Investor withdrawals alone therefore cannot explain the year-over-year decline. While the funds continued to attract net inflows, losses in the value of their crypto holdings reduced their overall size.
The difference between the quarterly and annual figures also highlights the importance of the comparison period. Assets grew sharply between June and September but remained well below their level in the same period last year.
BlackRock’s figures show why fund demand and price performance need to be tracked separately. Positive net inflows indicate that investors continue to allocate money to these products, although those inflows cannot always offset falling crypto prices.
Digital asset products generate $39 million in revenue
BlackRock earned a total of $39 million in fees and securities lending revenue from its digital asset products during the third quarter. This revenue is separate from investor inflows and the total value of assets under management.
The company also manages the iShares Bitcoin Trust (IBIT), its spot Bitcoin product. However, the earnings release did not provide separate figures for IBIT’s assets under management or net flows.
The entire $7.9 billion in reported net inflows therefore cannot be attributed to IBIT or Bitcoin investments alone. The figures cover BlackRock’s digital asset products as a whole.
The third-quarter results showed renewed investor demand alongside recovering prices. The year-over-year comparison, however, indicated that the company’s crypto funds had yet to return to their previous asset levels.
