BlackRock Inc. reported a record high in assets under management (AUM) of $11.58 trillion for the first quarter of 2025, despite a 4% decline in net income to $1.51 billion. The firm's adjusted earnings per share (EPS) reached $11.30, surpassing estimates of $10.11, while revenue stood at $5.28 billion, slightly below the expected $5.3 billion. The company experienced $84 billion in total net inflows during the quarter, with significant contributions from iShares ETFs, which alone saw a record $107 billion in net inflows. Within this, digital asset products attracted $3 billion, marking an 83% decrease from the previous quarter's $18 billion, reflecting the broader market volatility and a challenging environment for cryptocurrencies. Digital asset ETFs, including those focused on Bitcoin and Ethereum, now manage approximately $50.3 billion, constituting about 0.5% of the firm's total AUM and generating $34 million in base fees during the quarter. CEO Larry Fink highlighted the pervasive uncertainty and anxiety among clients regarding market and economic futures, drawing parallels to past crises like the 2008 financial crisis and the onset of the COVID-19 pandemic. Despite these concerns, Fink noted that BlackRock has historically thrived during such times, maintaining strong client engagement and achieving significant growth. BlackRock's BUIDL fund, part of its digital asset offerings, has seen growth in tokenized treasuries, which now represent 2.8% of the total inflows into the firm's iShares ETFs.