BlackRock's Digital Asset Products Generate $42 Million in Q1 Fee Revenue

BlackRock's digital asset products generated $42 million in fee revenue during the first quarter, supported by approximately $60.7 billion in ETF assets under management. According to NS3.AI, this segment accounted for 1.11% of BlackRock's ETF assets under management but contributed 1.75% of ETF fee revenue due to its higher realized yield compared to the broader ETF complex. A significant negative market movement, amounting to nearly $18.7 billion, reduced digital asset assets under management from $78.4 billion at the end of 2025 to $60.6 billion by March 31, highlighting the business's reliance on cryptocurrency prices.