BlackRock Says Crypto Business To Generate $500 Million In Annual Revenue

1 hour ago 2

CryptoProwl

Wed, March 25, 2026 astatine 9:13 AM CDT 1 min read

BlackRock Says Crypto Business To Generate $500 Million In Annual Revenue

BlackRock (NYSE: $BLK) Chief Executive Officer (CEO) Larry Fink says the plus manager’s cryptocurrency concern could make $500 cardinal U.S. successful yearly recurring revenue.

In his 2026 missive to shareholders, Fink writes that crypto is poised to go a large gross motor for the world’s largest plus manager.

Within the adjacent 5 years, BlackRock’s crypto concern is projected to make fractional a cardinal dollars a year, wrote the CEO.

More From Cryptoprowl:

BlackRock, which has full assets nether absorption (AUM) of $14 trillion U.S., present manages adjacent to $150 cardinal U.S. successful crypto-linked products.

Much of that wealth comes from BlackRock’s fashionable spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), that was launched successful 2024.

The IBIT money present has $55 cardinal U.S. nether absorption and generates an estimated $250 cardinal U.S. successful yearly fees for BlackRock.

However, BlackRock’s cryptocurrency strategy extends beyond Bitcoin and present includes tokenized assets.

BlackRock contiguous manages the BUIDL fund, which is the largest tokenized treasury merchandise globally with much than $2 cardinal U.S. of assets.

The New York-based plus manager besides manages tens of billions of dollars tied to stablecoins and different integer plus products.

The propulsion into crypto is simply a crisp reversal for Fink, who had for years been a salient skeptic erstwhile it came to integer assets specified arsenic Bitcoin (CRYPTO: $BTC).

BLK banal is presently trading astatine $973.44 U.S., having declined 10% this year.

Read Entire Article