TechFlow news, July 16, according to CoinDesk, BlackRock's digital asset funds fell to $48.8 billion as of the end of the second quarter, down approximately 39% from $79.6 billion a year ago. Despite gaining $15.1 billion in net inflows over the past 12 months, $45.8 billion in market depreciation completely offset the new capital, highlighting the high correlation between its crypto ETF business and digital asset prices.
The business recorded $3.1 billion in net outflows in the second quarter. BlackRock stated in its financial report that it aims to achieve $500 million in annual revenue from the digital asset business by 2030; currently, this business contributes only about $40 million in base fees, accounting for less than 1% of the company's total fee revenue.
![In-depth Analysis of Trade[XYZ]: How Were 92 Markets and 98% HIP-3 Trading Volume Established?](https://upload.techflowpost.com/upload/images/20260716/20260716061117965147.jpeg?x-oss-process=image/resize,p_50/quality,q_80)
