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Barchart
Barchart
Aditya Raghunath

As SEC Considers Spot Ethereum ETFs, Can BlackRock Stock Top $1,000?

BlackRock Inc (BLK) is the largest asset manager in the world, with total assets under management (AUM) of $10 trillion in 2023, up from $8.6 trillion in 2022. It offers multiple investment products, such as mutual funds, index funds, advisory solutions, exchange-traded funds (ETFs), and alternative investments. 

Valued at $124.5 billion by market cap, BlackRock has returned close to 250% in the past decade, after adjusting for dividends. In the last six months, the stock has gained 18.5%, primarily due to surging demand for spot bitcoin (BTCUSD) ETFs.

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