As reported by Walter Bloomberg, BlackRock has plans to become the largest crypto asset manager in the world by 2030. The firm is shooting for over $50 billion in digital assets under management, with Bitcoin, Ethereum and tokenized funds as the main focus of its long-term strategy.
This news comes as BlackRock’s iShares Bitcoin Trust (IBIT) keeps setting new records. The fund recently passed $72.5 billion in assets, making it the fastest-growing ETF ever. It took just 341 trading days to reach that milestone, which is five times faster than the SPDR Gold Trust’s previous record.
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At the same time, the asset manager has increased its investment in Ethereum through the iShares Ethereum Trust (ETHA), which has already seen over $5 billion in cumulative inflows.
On top of that, BlackRock’s BUIDL fund — a tokenized U.S. Treasury product — now has almost $2.9 billion and works with Ethereum, Solana, Avalanche and other chains.
BlackRock CEO speaks out
According to CEO Larry Fink, tokenization and decentralized finance are going to be huge in reshaping capital markets. In a recent statement, Fink said that assets like Bitcoin could exceed $500,000, and potentially even $700,000, in the coming decade.
Rising government debt, ongoing budget deficits and waning confidence in the U.S. dollar as key factors behind the shift, according to Fink.
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Fink also said that Bitcoin might eventually be seen as a real alternative to the dollar, especially if the economy keeps getting worse. To him, decentralized assets offer more than just independence from sovereign risk; they also have operational advantages like faster settlement and increased transparency.
BlackRock already put over $75 billion into digital assets, so their goal of being a leader in crypto asset management is not just talk anymore — it is a reality.
Source: https://u.today/blackrock-reveals-stunning-50-billion-crypto-plan-for-2030-details