BlackRock's assets under management exceeded $11.5 trillion

BlackRock, the world's largest asset management company, set a new record for the third consecutive quarter, with assets under management exceeding $11.5 trillion. This significant increase to $8.59 trillion in 2022 is due to the growth of exchange-traded funds (ETFs) and entry into the digital currency market with Bitcoin (BTC) and Ethereum (ETH) ETF offerings. BlackRock recently acquired Global Infrastructure Partners for $12.5 billion and plans to acquire Preqin for $3.2 billion, indicating the company's expansion strategy.