According to Larry Fink’s March 23 shareholder letter, BlackRock expects high-growth businesses including crypto to generate $500 million in annual revenue by 2030, while its iShares Bitcoin Trust ETF has surpassed $55 billion in assets.
BlackRock expects high-growth businesses, including crypto, to generate $500 million in annual revenue by 2030, according to CEO Larry Fink’s annual shareholder letter dated March 23. The update adds timing and source detail to the firm’s revenue target. The letter also highlights the scale of BlackRock’s digital asset business, with the iShares Bitcoin Trust ETF holding more than $55 billion in assets under management.