BlackRock's Digital Asset Products Drop 39% to $48.8B in Q2

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According to CoinDesk, BlackRock's digital-asset products fell 39% year-on-year to $48.8 billion at the end of the second quarter. The decline resulted from $45.8 billion in market depreciation that more than offset $15.1 billion of net inflows. The category posted $3.1 billion of net outflows in the quarter, while bitcoin fell more than 14% and ether dropped 25%. BlackRock's broader business, by contrast, reported record assets under management of $15.3 trillion.
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