BlackRock's Q3 digital assets scale reached $79.6 billion, up 63% quarter-over-quarter.

PANews October 14 news, according to CoinDesk, BlackRock's third-quarter earnings report shows that digital asset funds attracted $7.9 billion in inflows in the third quarter, reversing the approximately $2.2 billion in outflows in the first half of the year. Digital assets under management at the end of September were $79.6 billion, an increase of $30.8 billion, or 63%, from $48.8 billion at the end of June; of which $22.9 billion of the increase was due to rising cryptocurrency prices. Despite the rebound, BlackRock's digital assets under management are still 23% lower than a year ago.

PANews October 14 news, according to CoinDesk, BlackRock's third-quarter earnings report shows that digital asset funds attracted $7.9 billion in inflows in the third quarter, reversing the approximately $2.2 billion in outflows in the first half of the year. Digital assets under management at the end of September were $79.6 billion, an increase of $30.8 billion, or 63%, from $48.8 billion at the end of June; of which $22.9 billion of the increase was due to rising cryptocurrency prices. Despite the rebound, BlackRock's digital assets under management are still 23% lower than a year ago.