NEW YORK (July 10, 2025) – ISS Market Intelligence (MI), a leading provider of data, analytics, insights, media, and events solutions to the global financial services industry, reveals that just three firms — BlackRock, Fidelity, and Grayscale Investments — now control nearly 85 percent of all crypto fund assets under management (AUM), totaling approximately $123 billion.
With the U.S. Senate having passed the landmark Genius Act, setting the stage for the enactment of the first federal framework for stablecoins, ISS MI reveals new insights into the rapidly evolving crypto fund landscape.
BlackRock leads the field by a wide margin, holding nearly $70 billion in crypto AUM across its iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA). These funds have also seen strong investor interest, with combined net inflows of 22.3 percent year-to-date. In contrast, Grayscale Investments has experienced nearly $2 billion in outflows, likely driven by recent fee increases.
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ISS Market Intelligence (MI) is a leading provider of data, insights, and market engagement solutions to the global financial services industry. ISS MI empowers asset and wealth management firms, insurance companies, distributors, service providers, and technology firms to assess their target markets, identify and analyze the best opportunities within those markets, and execute on comprehensive go-to-market initiatives to grow their business. Clients benefit from our increasingly connected global platform that leverages a combination of proprietary data, powerful analytics, timely and relevant insights, in-depth research, as well as an extensive suite of industry-leading media brands that deliver unmatched market connectivity through news and editorial content, events, training, ratings, and awards.
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