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BlackRock posts $82M digital-asset revenue as crypto AUM slides

Crypto market declines cut BlackRock’s digital-asset AUM to $48.84B by June 30, down from $78.44B at year end, with most of the drop driven by lower asset prices rather than withdrawals.

Reported · Written up by our desk · Market Structure

BlackRock generated $82 million in revenue from its digital-asset products during the first half of 2026, even as falling Bitcoin and Ethereum prices erased nearly $30 billion from the assets backing the business, according to CryptoSlate.

The asset manager recorded $42 million in digital-asset base fees and securities-lending revenue in the first quarter and $40 million in the three months ended June 30, highlighting how fee income remained relatively resilient despite a downturn in underlying crypto holdings.

BlackRock reported average digital-asset assets under management of $67.74 billion in the first quarter, falling to $61.48 billion in the second quarter, before ending at $48.84 billion on June 30. Despite ending assets dropping almost 20% quarter over quarter, second-quarter digital-asset fees declined by about $2 million, or roughly 5%.

CryptoSlate said the contraction largely reflected market depreciation rather than outflows. BlackRock attributed $27.4 billion of the AUM decline to lower asset prices, compared with $2.18 billion in net withdrawals, and $11 million from foreign-exchange effects, while BTC and ETH were down more than 26% each since the start of the year.

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