BlackRock aims to become the world’s largest virtual asset manager by 2030…Over ₩60 trillion in assets under management
Summary
- BlackRock announced its goal to expand its virtual asset AUM to over $50 billion (approximately ₩67 trillion) by 2030, aiming to become the largest global virtual asset manager.
- BlackRock has reported rapid asset inflows following the launch of the spot Bitcoin ETF ‘iShares Bitcoin Trust (IBIT)’.
- The ETF has quickly absorbed institutional demand since listing, and is regarded as one of the most successful Bitcoin ETFs in the industry.
BlackRock, the world’s largest asset management firm, has announced plans to raise its asset under management (AUM) in the virtual asset (cryptocurrency) sector to over $50 billion (approximately ₩67 trillion) by 2030, with the aim of becoming the largest global virtual asset manager.
On the 12th (local time), the international economic news channel Walter Bloomberg reported, “BlackRock has set a goal of becoming the world’s largest virtual asset manager by 2030. BlackRock’s target AUM is over $50 billion.”
Meanwhile, after launching the spot Bitcoin Exchange-Traded Fund (ETF) ‘iShares Bitcoin Trust (IBIT)’ last January, BlackRock has been attracting assets at a rapid pace. The ETF has been absorbing institutional demand quickly since its listing. It is being regarded as one of the most successful Bitcoin ETFs in the industry.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.