The world's largest asset manager, BlackRock Inc. (NYSE: BLK), posted another record year in 2024, with record inflows of $641 billion, amassing total assets under management (AUM) of $11.6 trillion. The finance sector behemoth continues to grow as it masterfully takes advantage of its enormous scale to bolster its revenue streams.
Its iShares ETF continues to be a growth driver. It’s also given Bitcoin investing legitimacy by offering one of the first major institutional ETFs of spot Bitcoin prices with its iShares Bitcoin Trust (NASDAQ: IBIT), which regularly tops over 42.85 million shares a day in trading volume. BlackRock has nearly double the AUM of its two nearest publicly traded competitors, State Street Co. (NYSE: STT) and Invesco Ltd (NYSE: IVZ).
