BlackRock Q3: EPS up 38% as crypto investments add $100M
- —Performance fees hit $630 million, more than double the $305 million in Q2
- —Alternative fund revenue jumped from $100 million to $409 million in the quarter
- —Securitize stake added $80 million; Circle holding added $22 million
- —Assets under management reached a record $15.5 trillion; shares rose 3% premarket
Why it matters: The world's largest asset manager posting crypto-driven gains reinforces institutional appetite for tokenization and stablecoins.
Source: BeInCrypto UA