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BlackRock's digital asset products generated $42 million in investment advisory, administration fees, and securities lending revenue during the quarter.
BlackRock's digital asset products generated $42 million in revenue in Q1, confirming a real fee line.
KEY POINTS
- Digital assets yield higher fees per AUM compared to BlackRock’s overall ETF complex: 24.8 vs. 17.2 bps.
- IBIT and two Ethereum ETFs account for roughly $68.8 billion, 13.4% above March 31 AUM figures.
- Sustained fee yields depend on expanding into richer product structures, like staking or income-generating ETFs.
- For digital assets to reach 5% of BlackRock's ETF revenue base, AUM must triple to $194–$241 billion.
COMPANIES
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