BlackRock Q3 results: Digital assets surged 63% in a quarter to $79.6 billion—an impressive-looking jump. But of the $30.8 billion increase, $22.9 billion came from rising crypto prices, leaving just $7.9 billion in actual inflows. And assets are still 23% below last year’s peak of $104 billion, after net outflows of $2.2 billion in the first half.

So are institutions quietly buying the dip, or is BlackRock itself stuck at the top? A: A preview of an institutional bull market. B: This money just rode the price rally up. #贝莱德 #ETF