News about BlackRock

BlackRock's crypto funds drew a net $7.9 billion of inflows in Q3, reversing $2.2 billion of outflows in the first half of 2026. Its digital asset holdings rose 63% to $79.6 billion by end-September from $48.8 billion at end-June, with $22.9 billion of the $30.8 billion gain coming from price increases. Still, assets remain 23% below the nearly $104 billion a year earlier, as market value losses of $30.6 billion over 12 months outweighed $6.3 billion of net inflows. CoinShares data show institutions held about 264,000 BTC through US spot bitcoin ETFs at end-Q2, up 1.3% from the prior quarter. The article notes that ETF ownership does not always signal long-term bets, as some positions may serve hedging or client asset management.

BlackRock is teaming up with Nvidia and other major financiers to build AI infrastructure financing platforms targeting over US$500 billion. The consortium plans to treat high-end AI compute capacity as a distinct asset class for large institutional investors, with BlackRock's credit desks expected to play a central role in structuring the vehicles. The article notes that the move fits BlackRock's existing focus on private markets and higher-fee infrastructure, which saw US$68 billion of private markets fundraising over the 12 months to Q3 2026 and operating margins of 47.8% in the same quarter. It says the key checkpoint for investors is whether AI-linked infrastructure and private credit commitments show up in that fundraising line and help sustain margins.

Ondo's tokenized Treasury product USDY has grown to about $2.33 billion, slightly above the $2.2 billion held by BlackRock's BUIDL, yet the ONDO token fell 9% in the week ending October 17, 2026 and trades around 44 cents. The article explains that USDY pays yield to its holders, while ONDO is mainly a governance token with no role in USDY creation or redemption. Ondo is a private company that does not disclose how much of its yield-gap revenue it earns, and its US expansion, including FINRA approval for Oasis Pro Markets on July 23, settles in fiat or stablecoins rather than ONDO. The article also notes that BlackRock still earns fees as Ondo grows, and that USDY's lead over BUIDL is narrow. ONDO's market cap is about $2.13 billion, while its fully diluted valuation of about $4.38 billion, including all 10 billion tokens, makes it appear more affordable than USDY.