BlackRock' breaks the $10.5 trillion barrier in assets under management in the first quarter of the year
BlackRock announced long-term net inflows of $76 billion during the first quarter of the year, which represents about 40% of total 2023 levels. BlackRock continues to be a major investor in Bitcoin (BTC).
, building on its momentum, recording another successful quarter in terms of net income and assets under management.
BlackRock revealed its financial results for the first quarter of 2024 on April 12, and the results showed that it broke the barrier of $10.5 trillion in assets under management (AUM), an increase of $1.4 trillion from 2023.
The company's diluted earnings per share increased from $7.9 million in the first quarter of 2023 to $9.81 million in the first quarter of 2024. Net income also increased from $1.2 billion to about $1.5 billion during the time period $BTC
