BLACKROCK'S CRYPTO ETF ASSETS SURGE 63% BUT REMAIN FAR BELOW 2025 PEAK

Summary from the TLDR Crypto newsletter

BlackRock's digital assets under management climbed 63% quarter-over-quarter to $79.6 billion by the end of September, with $22.9 billion of the $30.8 billion increase driven by cryptocurrency price appreciation rather than net inflows. The firm attracted $7.9 billion in fresh capital during Q3, reversing roughly $2.2 billion in first-half 2026 outflows, while generating $39 million in quarterly fees and securities lending revenue from these products. Despite the Q3 rebound, AUM remains 23% below the $104 billion recorded a year earlier, as $30.6 billion in 12-month market losses outpaced $6.3 billion in net new deposits over the same period.