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- Larry Fink recently stated that BlackRock is advancing the development of tokenization technology to transition assets like ETFs into digital formats.
- IBIT stood out on Monday with $60 million in net inflows, bucking the trend of net outflows across the spot Bitcoin ETF market.
According to Mordor Intelligence, the asset tokenization market has grown to more than $2 trillion in 2025 and is forecast to soar past $13 trillion by 2030.
Recognizing the scale of this transformation, the CEO of BlackRock, the world’s largest asset manager with $13.46 trillion under management, will take deliberate steps to establish a strong foothold in this area.
On Squawk on the Street on Oct. 14, Larry Fink began by acknowledging that the market is just at the beginning of the tokenization of all assets, from real estate to equity and even bonds.
“I do believe we have some exciting announcements in the coming years on how we could play a larger role in the tokenization and digitization of all assets,” Fink said.
Fink described BlackRock’s plan to access an estimated $4.1 trillion stored in digital wallets globally by transitioning traditional financial products into tokenized, blockchain-based versions. He likened this transformation to “repotting”, taking established assets such as ETFs and placing them in a new digital framework.
He pointed to BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and the firm’s expanding digital platform as early milestones on this path.
“We look at that as the next wave of opportunity for BlackRock over the next tens of years,” Fink added.
As we start moving away from traditional financial assets by repotting them in a digital manner and having people stay in that digital ecosystem.
This shift toward tokenization fits into the trend across the financial space, as major trading platforms roll out 24/7 access to tokenized securities.
What Triggered the Push?
The spark behind Blackrock’s momentum can be traced back to the inflows and market attention surrounding spot Bitcoin and Ethereum ETFs this year. These products only received the green light from the U.S. Securities and Exchange Commission (SEC) in 2024, and BlackRock was among the first firms to bring them to market in the U.S.
Today, the firm’s flagship funds, iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA), have grown into the largest ETFs of their kind, managing roughly $93 billion and $17 billion in assets, respectively.
On Monday, IBIT recorded $60.4 million in net inflows, even as several other spot Bitcoin ETFs faced significant outflows. Fidelity Wise Origin Bitcoin Fund (FBTC) saw $93.3 million in outflows, while Bitwise Bitcoin ETF (NITB) and ARK 21Shares Bitcoin ETF (ARKB) posted outflows of $115.6 million and $21.1 million, respectively.
The picture was different for Ethereum ETFs. ETHA registered $310.1 million in outflows on the same day, leading the pack. Fidelity Ethereum Fund (FETH) followed with $19.1 million in outflows, while Bitwise Ethereum ETF (ETHW) saw $12.8 million leave.
Altogether, spot Ethereum ETFs recorded $428.5 million in net outflows on October 13, pushing total cumulative outflows to more than $14.5 billion.
At the time of writing, Bitcoin is trading around $112,400, up 0.74% in the past 24 hours, though it has slid roughly 7% over the past week following a weekend sell-off.
Ethereum, meanwhile, is changing hands at approximately $4,121, gaining 3.53% in the last 24 hours but still down 7% on the week.
