BlackRock, the world’s largest asset manager with $11.6 trillion in assets under management, reported $84 billion in total net inflows in the first quarter of 2025, marking a 3% annualized growth in assets under management.
The firm’s strong performance was led by a record first quarter for iShares exchange-traded funds (ETFs) alongside continued strength in private markets and net inflows, according to BlackRock’s Q1 earnings released on April 11.
Of the $107 billion in net inflows to iShares ETFs, $3 billion, or 2.8% of the total ETF inflows, was directed to digital asset products in Q1, BlackRock said.
BlackRock’s net flow data in Q1 2025 (in billions of US dollars). Source: BlackRock
Alternative investments also played a significant role in Q1, with private market inflows totaling $9.3 billion.
Digital assets remain small segment
As of March 31, 2025, digital assets accounted for $34 million in base fees or less than