BlackRock's Digital Asset Products Fall to $48.8B in Q2, Hit by $45.8B Market Depreciation

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BlackRock's digital asset products declined to $48.8 billion at the end of the second quarter, down from $79.6 billion a year earlier, marking a 39% drop despite $15.1 billion in net inflows over the past 12 months. The primary driver was $45.8 billion in market depreciation, according to the firm's earnings report. Additionally, the digital asset segment recorded $3.1 billion in net outflows during Q2 itself, as bitcoin fell more than 14% and ether dropped 25% during the quarter, pressuring both asset values and investor demand.
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