BlackRock Q2 beats estimates as AUM hits $15.3 trillion, digital assets fall

BlackRock beat Wall Street expectations in the second quarter, reporting adjusted EPS of $13.91 on $7.08 billion in revenue as assets under management reached $15.34 trillion and total net inflows were $191.7 billion, including $199.1 billion of long-term net inflows led by ETFs. First-half net inflows reached a record $321 billion, with ETFs contributing $177.9 billion of the quarter’s long-term inflows. Digital assets remained a weak spot in reported product results. BlackRock’s iShares Bitcoin Trust recorded roughly $3.3 billion in net outflows during the quarter, according to Farside Investors, and its net assets fell to around $46 billion from about $53.4 billion at the end of the first quarter. The outflows came as U.S. spot Bitcoin ETFs posted their largest monthly redemption wave on record in June and 2026 cumulative flows turned negative for the first time. Bitcoin fell roughly 30% in the first half of 2026, touching a year-to-date low near $58,000 before stabilizing, adding pressure across the ETF complex. Even so, IBIT remains the largest U.S. spot Bitcoin ETF, with more than $60 billion in cumulative net inflows since its January 2024 launch, and BlackRock said digital assets and tokenization remain part of its strategic outlook.