When I was doing data today, I looked at BlackRock's financial report, which was released last Friday. BlackRock's revenue in the third quarter was $5.2 billion, a year-on-year increase of 15%. The asset management scale (AUM) in this quarter hit a record high of $11.5 trillion. The growth mainly came from the stock market, especially equity assets, which brought the highest returns to BlackRock.

So stimulated by the favorable news, BlackRock's stock rose by nearly 5% on Friday, and rose to 3.63% by the close of trading. BlackRock continued to rise after the opening on Monday night.

The business with the largest amount of funds for BlackRock in 2024 is the spot ETFs of#BTCand #ETH. The amount of funds for BTC spot ETF ranks first among all ETFs in 2024, and that for ETH ranks seventh among all ETFs. Therefore, it is not impossible that the increase in BlackRock's performance has stimulated the prices of BTC and ETH.

Among all BlackRock asset classes, equity investments dominated with a net inflow of $7.4 billion. Meanwhile, ETFs saw inflows of $97 billion. BlackRock’s iShares products were at the forefront of global fund flows, with total inflows reaching $250 billion.

Of course, this is not 100% certain, I just saw this data and shared it with you. The orange is the price of BTC, and the blue is the share price of BlackRock. Of course, BlackRock does not only have BTC and ETH, so the correlation is not very strong, but it is not impossible that the good news boosted the cryptocurrency during the financial report.

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